H&E Equipment Services (NASDAQ:HEES) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

HEES has been the subject of several other reports. ValuEngine downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $27.00 price objective on shares of H&E Equipment Services in a report on Thursday, August 6th. Finally, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.63.

HEES opened at $23.14 on Friday. H&E Equipment Services has a fifty-two week low of $9.12 and a fifty-two week high of $37.85. The business has a 50-day moving average of $20.97 and a 200-day moving average of $18.03. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.09 and a quick ratio of 0.75. The company has a market capitalization of $831.03 million, a PE ratio of 37.93, a price-to-earnings-growth ratio of 10.56 and a beta of 2.41.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.33. H&E Equipment Services had a return on equity of 28.42% and a net margin of 1.75%. The business had revenue of $278.34 million for the quarter, compared to the consensus estimate of $269.08 million. During the same period last year, the business earned $0.63 EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts expect that H&E Equipment Services will post 1.2 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC boosted its stake in shares of H&E Equipment Services by 58.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,425 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 525 shares during the last quarter. American International Group Inc. boosted its stake in shares of H&E Equipment Services by 3.6% in the 2nd quarter. American International Group Inc. now owns 19,590 shares of the industrial products company’s stock valued at $362,000 after purchasing an additional 685 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of H&E Equipment Services by 1.0% in the 2nd quarter. California Public Employees Retirement System now owns 72,996 shares of the industrial products company’s stock valued at $1,349,000 after purchasing an additional 751 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of H&E Equipment Services by 1.7% in the 1st quarter. Victory Capital Management Inc. now owns 53,721 shares of the industrial products company’s stock valued at $789,000 after purchasing an additional 896 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of H&E Equipment Services by 2.7% in the 1st quarter. Royal Bank of Canada now owns 51,687 shares of the industrial products company’s stock valued at $759,000 after purchasing an additional 1,346 shares during the last quarter. Hedge funds and other institutional investors own 67.57% of the company’s stock.

About H&E Equipment Services

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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