Zacks Investment Research lowered shares of H&E Equipment Services, Inc. (NASDAQ:HEES) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

A number of other research analysts have also issued reports on HEES. ValuEngine lowered H&E Equipment Services from a buy rating to a hold rating in a report on Monday, October 2nd. BidaskClub lowered H&E Equipment Services from a strong-buy rating to a buy rating in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a buy rating on shares of H&E Equipment Services in a report on Friday, July 28th. Bank of America Corporation assumed coverage on H&E Equipment Services in a report on Tuesday, September 26th. They set a buy rating and a $33.00 target price on the stock. Finally, UBS AG reaffirmed a sell rating and set a $16.00 target price (up from $15.00) on shares of H&E Equipment Services in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $26.25.

H&E Equipment Services (NASDAQ:HEES) traded up 1.44% during midday trading on Wednesday, hitting $30.20. 70,555 shares of the company traded hands. The stock has a 50 day moving average of $26.33 and a 200 day moving average of $22.61. The stock has a market cap of $1.06 billion, a P/E ratio of 27.23 and a beta of 2.65. H&E Equipment Services has a 12-month low of $12.72 and a 12-month high of $30.24.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The firm had revenue of $249.40 million for the quarter, compared to analyst estimates of $237.81 million. H&E Equipment Services had a return on equity of 27.93% and a net margin of 4.08%. H&E Equipment Services’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Equities research analysts predict that H&E Equipment Services will post $1.20 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its position in shares of H&E Equipment Services by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 461 shares during the period. Legal & General Group Plc boosted its position in shares of H&E Equipment Services by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 317 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of H&E Equipment Services by 304.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 5,871 shares during the period. Wrapmanager Inc. boosted its position in shares of H&E Equipment Services by 3.9% in the 2nd quarter. Wrapmanager Inc. now owns 10,306 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 391 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of H&E Equipment Services in the 1st quarter valued at $230,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

H&E Equipment Services Company Profile

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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