H&E Equipment Services (HEES) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of H&E Equipment Services (NASDAQ:HEES) from a strong sell rating to a sell rating in a report published on Saturday, BidAskClub reports.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of H&E Equipment Services from a hold rating to a buy rating and set a $29.00 price target on the stock in a report on Thursday, April 11th. Longbow Research assumed coverage on shares of H&E Equipment Services in a research note on Friday, March 29th. They set a buy rating and a $34.00 price objective on the stock. ValuEngine cut shares of H&E Equipment Services from a sell rating to a strong sell rating in a research note on Friday, March 15th. Finally, UBS Group set a $30.00 price objective on shares of H&E Equipment Services and gave the stock a hold rating in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $34.67.

Shares of NASDAQ:HEES opened at $27.89 on Friday. H&E Equipment Services has a twelve month low of $18.12 and a twelve month high of $40.82. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.62 and a current ratio of 0.90. The company has a market capitalization of $988.58 million, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.79 and a beta of 2.74.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.13. H&E Equipment Services had a net margin of 6.18% and a return on equity of 32.46%. The company had revenue of $345.97 million for the quarter, compared to the consensus estimate of $320.50 million. During the same quarter in the prior year, the company earned $0.78 EPS. H&E Equipment Services’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts forecast that H&E Equipment Services will post 2.3 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc grew its stake in shares of H&E Equipment Services by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 3,494,256 shares of the industrial products company’s stock worth $132,012,000 after purchasing an additional 76,348 shares during the period. Vanguard Group Inc. grew its stake in shares of H&E Equipment Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,494,256 shares of the industrial products company’s stock worth $132,012,000 after purchasing an additional 76,348 shares during the period. BlackRock Inc. grew its stake in shares of H&E Equipment Services by 14.4% during the 3rd quarter. BlackRock Inc. now owns 2,603,108 shares of the industrial products company’s stock worth $98,346,000 after purchasing an additional 326,683 shares during the period. Clearbridge Investments LLC grew its stake in shares of H&E Equipment Services by 2.3% during the 3rd quarter. Clearbridge Investments LLC now owns 1,906,296 shares of the industrial products company’s stock worth $72,020,000 after purchasing an additional 42,974 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of H&E Equipment Services by 1.9% during the 4th quarter. Macquarie Group Ltd. now owns 1,735,048 shares of the industrial products company’s stock worth $35,430,000 after purchasing an additional 31,800 shares during the period. 71.52% of the stock is currently owned by institutional investors and hedge funds.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for 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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