UBS Group Reaffirms Neutral Rating for H&E Equipment Services (NASDAQ:HEES)

H&E Equipment Services (NASDAQ:HEES)‘s stock had its “neutral” rating reiterated by research analysts at UBS Group in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $92.00 price objective on the industrial products company’s stock, up from their previous price objective of $60.00. UBS Group’s price objective would suggest a potential upside of 3.66% from the stock’s current price.

Separately, B. Riley restated a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.25.

H&E Equipment Services Stock Down 0.3 %

Shares of NASDAQ:HEES opened at $88.75 on Friday. The firm has a market cap of $3.25 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 8.97 and a beta of 1.88. The company has a fifty day simple moving average of $56.26 and a 200 day simple moving average of $51.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $90.66.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. During the same period in the previous year, the firm posted $1.46 EPS. H&E Equipment Services’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts anticipate that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On H&E Equipment Services

A number of large investors have recently bought and sold shares of HEES. Federated Hermes Inc. grew its holdings in shares of H&E Equipment Services by 0.7% during the second quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock valued at $2,047,000 after purchasing an additional 326 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in H&E Equipment Services by 7.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 555 shares during the period. Diversified Trust Co grew its stake in H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after buying an additional 574 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in H&E Equipment Services by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock worth $810,000 after buying an additional 627 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its stake in H&E Equipment Services by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock valued at $4,896,000 after buying an additional 664 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.