H&E Equipment Services (NASDAQ:HEES) Downgraded by ValuEngine

ValuEngine cut shares of H&E Equipment Services (NASDAQ:HEES) from a sell rating to a strong sell rating in a report published on Saturday morning, ValuEngine reports.

A number of other research analysts have also recently commented on the stock. BidaskClub upgraded shares of H&E Equipment Services from a hold rating to a buy rating in a research report on Wednesday, September 25th. Zacks Investment Research cut shares of H&E Equipment Services from a buy rating to a hold rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. H&E Equipment Services presently has a consensus rating of Hold and an average target price of $31.40.

Shares of NASDAQ HEES opened at $30.32 on Friday. H&E Equipment Services has a one year low of $18.12 and a one year high of $32.08. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.69 and a quick ratio of 0.43. The firm’s 50 day simple moving average is $27.74 and its two-hundred day simple moving average is $27.52. The stock has a market capitalization of $1.06 billion, a P/E ratio of 14.23, a PEG ratio of 1.12 and a beta of 2.93.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. H&E Equipment Services had a net margin of 6.33% and a return on equity of 32.17%. The business had revenue of $333.60 million for the quarter, compared to analysts’ expectations of $337.96 million. During the same period last year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts expect that H&E Equipment Services will post 2.47 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of H&E Equipment Services by 30.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,736 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 636 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of H&E Equipment Services during the second quarter valued at approximately $91,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $202,000. Envestnet Asset Management Inc. purchased a new stake in shares of H&E Equipment Services during the second quarter valued at approximately $213,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of H&E Equipment Services during the second quarter valued at approximately $362,000. Institutional investors and hedge funds 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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