H&E Equipment Services (HEES) Stock Rating Lowered by ValuEngine

H&E Equipment Services (NASDAQ:HEES) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other equities research analysts also recently commented on the company. Stifel Nicolaus started coverage on H&E Equipment Services in a report on Thursday, February 15th. They issued a “buy” rating and a $46.00 price objective for the company. UBS reiterated a “sell” rating and issued a $18.00 price objective (up previously from $17.00) on shares of H&E Equipment Services in a report on Friday, February 23rd. Finally, Bank of America set a $45.00 price objective on H&E Equipment Services and gave the company a “buy” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. H&E Equipment Services currently has an average rating of “Buy” and an average price target of $36.00.

NASDAQ HEES opened at $32.59 on Friday. The stock has a market capitalization of $1,333.18, a P/E ratio of 9.36, a P/E/G ratio of 1.34 and a beta of 2.48. The company has a quick ratio of 1.96, a current ratio of 2.38 and a debt-to-equity ratio of 4.36. H&E Equipment Services has a 12 month low of $17.44 and a 12 month high of $44.24.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $260.50 million during the quarter, compared to the consensus estimate of $249.03 million. H&E Equipment Services had a return on equity of 43.81% and a net margin of 10.65%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. equities research analysts predict that H&E Equipment Services will post 1.94 EPS for the current year.

In other H&E Equipment Services news, COO Bradley W. Barber sold 23,371 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $42.05, for a total value of $982,750.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bradley W. Barber sold 40,000 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $40.49, for a total value of $1,619,600.00. The disclosure for this sale can be found here. Insiders sold 290,821 shares of company stock valued at $12,004,755 over the last 90 days. Corporate insiders own 11.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in HEES. Baker Ellis Asset Management LLC bought a new stake in shares of H&E Equipment Services in the fourth quarter worth about $163,000. Koch Industries Inc. bought a new stake in shares of H&E Equipment Services in the fourth quarter worth about $213,000. Cubist Systematic Strategies LLC increased its holdings in shares of H&E Equipment Services by 66.4% in the third quarter. Cubist Systematic Strategies LLC now owns 7,869 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 3,139 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of H&E Equipment Services in the fourth quarter worth about $231,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of H&E Equipment Services in the fourth quarter worth about $252,000. Institutional investors own 76.58% of the company’s stock.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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Analyst Recommendations for H&E Equipment Services (NASDAQ:HEES)

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