H&E Equipment Services (NASDAQ:HEES) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of H&E Equipment Services (NASDAQ:HEES) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States. The Company is focused on heavy construction & industrial equipment and rents, sells & provides parts & service support for four core categories of specialized equipment they are hi-lift or aerial platform equipment, cranes, earthmoving equipment & industrial lift trucks. By providing equipment rental, sales, & on-site parts, repair & maintenance functions under one roof, the Company is a one-stop provider for its customers’ varied equipment needs. This full service approach provides the Company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal & provides cross-selling opportunities among its new & used equipment sales, rental, parts sales & service operations. “

Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Wave Life Sciences from a buy rating to a hold rating in a research note on Tuesday, April 16th. BidaskClub cut shares of Ames National from a hold rating to a sell rating in a research note on Wednesday. Bank of America reaffirmed a buy rating and set a $420.00 target price (up previously from $400.00) on shares of Lendingtree in a research note on Monday, April 29th. Longbow Research began coverage on shares of H&E Equipment Services in a research note on Friday, March 29th. They set a buy rating and a $34.00 target price on the stock. Finally, UBS Group reaffirmed a hold rating and set a $7.80 target price on shares of Deutsche Bank in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $31.60.



Shares of HEES opened at $26.65 on Wednesday. H&E Equipment Services has a 52-week low of $18.12 and a 52-week high of $40.20. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.44 and a current ratio of 0.74. The business’s fifty day simple moving average is $27.28. The firm has a market cap of $960.62 million, a PE ratio of 11.83, a PEG ratio of 1.09 and a beta of 2.84.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Thursday, April 25th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.11. H&E Equipment Services had a net margin of 6.30% and a return on equity of 32.93%. The company had revenue of $313.60 million for the quarter, compared to analysts’ expectations of $288.61 million. During the same quarter in the previous year, the company posted $0.26 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts predict that H&E Equipment Services will post 2.47 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in shares of H&E Equipment Services by 21.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,142 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 548 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of H&E Equipment Services by 9.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,068 shares of the industrial products company’s stock valued at $98,000 after acquiring an additional 428 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of H&E Equipment Services by 215.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,338 shares of the industrial products company’s stock valued at $184,000 after acquiring an additional 5,011 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of H&E Equipment Services during the 1st quarter valued at about $213,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of H&E Equipment Services by 343.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,869 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 7,645 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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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