H&E Equipment Services (NASDAQ:HEES) Price Target Cut to $65.00

H&E Equipment Services (NASDAQ:HEES) had its price objective cut by equities research analysts at Stifel Nicolaus from $69.00 to $65.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 39.34% from the company’s previous close.

A number of other equities analysts have also weighed in on HEES. Wells Fargo & Company upped their target price on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st.

H&E Equipment Services Trading Down 0.9 %

NASDAQ HEES traded down $0.40 during trading on Wednesday, reaching $46.65. 446,484 shares of the stock traded hands, compared to its average volume of 244,011. The stock’s 50-day moving average price is $59.01 and its 200 day moving average price is $52.19. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.63 and a beta of 1.98. H&E Equipment Services has a fifty-two week low of $32.33 and a fifty-two week high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The business had revenue of $371.20 million during the quarter, compared to the consensus estimate of $352.52 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. Analysts predict that H&E Equipment Services will post 5.02 EPS for the current year.

Insider Transactions at H&E Equipment Services

In other news, CEO Bradley W. Barber sold 1,092 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $63.42, for a total transaction of $69,254.64. Following the transaction, the chief executive officer now owns 209,078 shares in the company, valued at $13,259,726.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Bradley W. Barber sold 1,092 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $63.42, for a total value of $69,254.64. Following the completion of the sale, the chief executive officer now directly owns 209,078 shares in the company, valued at $13,259,726.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lawrence C. Karlson sold 8,225 shares of H&E Equipment Services stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $60.98, for a total value of $501,560.50. Following the completion of the transaction, the director now directly owns 47,172 shares of the company’s stock, valued at $2,876,548.56. The disclosure for this sale can be found here. Insiders sold a total of 75,800 shares of company stock worth $4,534,789 over the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On H&E Equipment Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC lifted its position in shares of H&E Equipment Services by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 113,603 shares of the industrial products company’s stock worth $5,944,000 after buying an additional 55,214 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in H&E Equipment Services in the fourth quarter valued at approximately $879,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of H&E Equipment Services by 12.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock worth $556,000 after buying an additional 1,137 shares during the last quarter. Amica Mutual Insurance Co. acquired a new position in shares of H&E Equipment Services during the fourth quarter worth $840,000. Finally, GSA Capital Partners LLP lifted its stake in shares of H&E Equipment Services by 232.2% in the 3rd quarter. GSA Capital Partners LLP now owns 27,303 shares of the industrial products company’s stock valued at $1,179,000 after acquiring an additional 19,084 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.