H&E Equipment Services (NASDAQ:HEES) Price Target Lowered to $62.00 at Stifel Nicolaus

H&E Equipment Services (NASDAQ:HEES) had its price target lowered by analysts at Stifel Nicolaus from $65.00 to $62.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 22.70% from the company’s current price.

A number of other equities research analysts also recently commented on the company. UBS Group decreased their target price on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a report on Friday, May 24th. Raymond James assumed coverage on shares of H&E Equipment Services in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, StockNews.com lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.67.

H&E Equipment Services Stock Performance

HEES stock traded up $0.21 during trading on Wednesday, reaching $50.53. The company had a trading volume of 54,739 shares, compared to its average volume of 262,465. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.62 and a current ratio of 0.85. H&E Equipment Services has a twelve month low of $38.06 and a twelve month high of $66.18. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.89. The firm has a 50-day simple moving average of $46.69 and a 200-day simple moving average of $52.52.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The company had revenue of $376.30 million for the quarter, compared to analyst estimates of $382.05 million. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts expect that H&E Equipment Services will post 4.13 earnings per share for the current year.

Institutional Trading of H&E Equipment Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in H&E Equipment Services by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,804,017 shares of the industrial products company’s stock valued at $199,026,000 after acquiring an additional 51,626 shares during the period. Charles Schwab Investment Management Inc. increased its stake in H&E Equipment Services by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,582 shares of the industrial products company’s stock worth $23,313,000 after buying an additional 4,978 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of H&E Equipment Services by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company’s stock valued at $12,163,000 after acquiring an additional 770 shares during the last quarter. Norges Bank purchased a new position in shares of H&E Equipment Services in the fourth quarter valued at approximately $11,827,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of H&E Equipment Services by 8.4% in the fourth quarter. First Eagle Investment Management LLC now owns 225,732 shares of the industrial products company’s stock worth $11,810,000 after acquiring an additional 17,528 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

About H&E Equipment Services

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.