H&E Equipment Services (NASDAQ:HEES) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research note issued on Monday. The firm set a “hold” rating on the industrial products company’s stock.

A number of other analysts have also weighed in on the stock. UBS Group restated a “neutral” rating and set a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. B. Riley reiterated a “buy” rating and set a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $69.25.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES opened at $100.62 on Monday. The business has a fifty day moving average price of $69.10 and a 200-day moving average price of $57.42. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The company has a market capitalization of $3.68 billion, a PE ratio of 25.54 and a beta of 1.93. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $101.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its stake in H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after buying an additional 220 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in H&E Equipment Services during the third quarter valued at $84,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 1,910 shares during the period. CIBC Private Wealth Group LLC boosted its position in H&E Equipment Services by 38.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,166 shares during the last quarter. Finally, L.M. Kohn & Company bought a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $217,000. 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.