Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.25.

Several brokerages have recently weighed in on HEES. BidaskClub upgraded H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. ValuEngine downgraded H&E Equipment Services from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Zacks Investment Research downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

NASDAQ:HEES traded up $0.40 during mid-day trading on Wednesday, hitting $29.87. The company had a trading volume of 177,980 shares, compared to its average volume of 227,135. The business has a fifty day simple moving average of $27.30 and a 200-day simple moving average of $27.44. The company has a current ratio of 0.69, a quick ratio of 0.43 and a debt-to-equity ratio of 3.43. H&E Equipment Services has a 1 year low of $18.12 and a 1 year high of $32.08. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.12 and a beta of 2.93.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. H&E Equipment Services had a return on equity of 32.17% and a net margin of 6.33%. The company had revenue of $333.60 million for the quarter, compared to analyst estimates of $337.96 million. During the same period last year, the company posted $0.58 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that H&E Equipment Services will post 2.47 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of H&E Equipment Services by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 509,890 shares of the industrial products company’s stock valued at $14,832,000 after acquiring an additional 7,166 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in H&E Equipment Services by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 377,848 shares of the industrial products company’s stock worth $10,992,000 after purchasing an additional 4,595 shares in the last quarter. Macquarie Group Ltd. grew its stake in H&E Equipment Services by 0.6% in the second quarter. Macquarie Group Ltd. now owns 1,842,078 shares of the industrial products company’s stock worth $53,586,000 after purchasing an additional 10,356 shares in the last quarter. Vanguard Group Inc. grew its stake in H&E Equipment Services by 0.7% in the second quarter. Vanguard Group Inc. now owns 3,087,969 shares of the industrial products company’s stock worth $89,829,000 after purchasing an additional 22,972 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in H&E Equipment Services in the second quarter worth about $8,345,000. Institutional investors own 73.02% of the company’s stock.

H&E Equipment Services Company Profile

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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