H&E Equipment Services (HEES) Rating Lowered to Strong Sell at ValuEngine

H&E Equipment Services (NASDAQ:HEES) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other research analysts have also weighed in on HEES. Zacks Investment Research raised shares of H&E Equipment Services from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research note on Tuesday, February 5th. BidaskClub lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Finally, UBS Group set a $30.00 target price on shares of H&E Equipment Services and gave the stock a “hold” rating in a research note on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.20.

H&E Equipment Services stock traded down $0.29 during midday trading on Friday, reaching $25.62. The company had a trading volume of 330,896 shares, compared to its average volume of 239,957. The firm has a market capitalization of $941.30 million, a PE ratio of 12.03, a P/E/G ratio of 0.78 and a beta of 2.77. H&E Equipment Services has a 12-month low of $18.12 and a 12-month high of $42.37. The company has a current ratio of 0.90, a quick ratio of 0.62 and a debt-to-equity ratio of 3.68.

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, beating the Zacks’ consensus estimate of $0.57 by $0.13. The firm had revenue of $345.97 million for the quarter, compared to analyst estimates of $320.50 million. H&E Equipment Services had a net margin of 6.18% and a return on equity of 32.46%. H&E Equipment Services’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. On average, sell-side analysts predict that H&E Equipment Services will post 2.3 EPS for the current fiscal year.

In other H&E Equipment Services news, Director Paul Arnold bought 10,000 shares of the firm’s stock in a transaction on Tuesday, December 18th. The shares were acquired at an average cost of $20.07 per share, with a total value of $200,700.00. Following the purchase, the director now directly owns 68,204 shares of the company’s stock, valued at approximately $1,368,854.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bruce Bruckmann bought 22,500 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was acquired at an average cost of $19.56 per share, for a total transaction of $440,100.00. Following the completion of the purchase, the director now directly owns 767,740 shares in the company, valued at $15,016,994.40. The disclosure for this purchase can be found here. Company insiders own 11.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of H&E Equipment Services during the 4th quarter worth approximately $14,358,000. PNC Financial Services Group Inc. increased its holdings in shares of H&E Equipment Services by 255.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 560,725 shares of the industrial products company’s stock worth $11,450,000 after buying an additional 402,881 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of H&E Equipment Services during the 4th quarter worth approximately $7,582,000. BlackRock Inc. increased its holdings 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 buying an additional 326,683 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of H&E Equipment Services by 26.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,460,672 shares of the industrial products company’s stock worth $55,184,000 after buying an additional 306,269 shares during the last quarter. 69.63% of the stock is currently owned by institutional investors and hedge funds.

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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