H&E Equipment Services (NASDAQ:HEES) PT Lowered to $65.00 at Stifel Nicolaus

H&E Equipment Services (NASDAQ:HEES) had its price objective decreased by equities researchers at Stifel Nicolaus from $69.00 to $65.00 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 objective suggests a potential upside of 39.34% from the stock’s previous close.

A number of other research firms have also recently commented on HEES. StockNews.com raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Wells Fargo & Company upped their price objective on H&E Equipment Services from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd.

H&E Equipment Services Price Performance

H&E Equipment Services stock traded down $0.40 during mid-day trading on Wednesday, reaching $46.65. 446,484 shares of the company’s stock traded hands, compared to its average volume of 244,011. H&E Equipment Services has a 12-month low of $32.33 and a 12-month high of $66.18. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.63 and a beta of 1.98. The stock has a 50 day moving average of $59.01 and a two-hundred day moving average of $52.19. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 2.26.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The company had revenue of $371.20 million for the quarter, compared to the consensus estimate of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Equities analysts forecast that H&E Equipment Services will post 5.02 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Bradley W. Barber sold 23,100 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $60.53, for a total value of $1,398,243.00. Following the completion of the transaction, the chief executive officer now owns 221,653 shares of the company’s stock, valued at $13,416,656.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Gary W. Bagley sold 5,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $56.34, for a total transaction of $281,700.00. Following the transaction, the director now directly owns 59,151 shares in the company, valued at approximately $3,332,567.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bradley W. Barber sold 23,100 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $60.53, for a total value of $1,398,243.00. Following the completion of the sale, the chief executive officer now owns 221,653 shares of the company’s stock, valued at $13,416,656.09. The disclosure for this sale can be found here. Insiders sold a total of 75,800 shares of company stock valued at $4,534,789 over the last three months. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds have recently modified their holdings of the stock. Knights of Columbus Asset Advisors LLC increased its position in shares of H&E Equipment Services by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 113,603 shares of the industrial products company’s stock valued at $5,944,000 after acquiring an additional 55,214 shares during the period. Semanteon Capital Management LP purchased a new position in shares of H&E Equipment Services during the fourth quarter worth $879,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in H&E Equipment Services by 12.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock valued at $556,000 after purchasing an additional 1,137 shares during the last quarter. Amica Mutual Insurance Co. acquired a new stake in H&E Equipment Services during the 4th quarter worth about $840,000. Finally, GSA Capital Partners LLP raised its stake in shares of H&E Equipment Services by 232.2% during the 3rd quarter. GSA Capital Partners LLP now owns 27,303 shares of the industrial products company’s stock valued at $1,179,000 after buying an additional 19,084 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Company Profile

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.