Royal Bank Of Canada restated their buy rating on shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in a research note published on Wednesday, July 12th. They currently have a $30.00 price target on the industrial products company’s stock.

Separately, Zacks Investment Research cut H&E Equipment Services from a hold rating to a strong sell rating in a report on Tuesday, April 25th.

Shares of H&E Equipment Services (HEES) opened at 23.05 on Wednesday. H&E Equipment Services has a one year low of $12.72 and a one year high of $27.54. The stock has a 50 day moving average price of $20.68 and a 200-day moving average price of $22.55. The company has a market capitalization of $810.78 million, a P/E ratio of 20.78 and a beta of 2.55.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. H&E Equipment Services had a return on equity of 27.93% and a net margin of 4.08%. The business had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $237.81 million. During the same quarter last year, the company posted $0.21 earnings per share. H&E Equipment Services’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that H&E Equipment Services will post $1.21 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in HEES. Ladenburg Thalmann Financial Services Inc. increased its stake in H&E Equipment Services by 83.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,934 shares of the industrial products company’s stock worth $115,000 after buying an additional 2,239 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of H&E Equipment Services during the fourth quarter valued at approximately $145,000. First Mercantile Trust Co. increased its position in shares of H&E Equipment Services by 35.9% in the first quarter. First Mercantile Trust Co. now owns 6,163 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,628 shares in the last quarter. Legal & General Group Plc increased its position in shares of H&E Equipment Services by 4.3% in the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after buying an additional 317 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of H&E Equipment Services by 304.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock valued at $159,000 after buying an additional 5,871 shares during the period. Institutional investors own 77.19% of the company’s stock.

About H&E Equipment Services

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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