H&E Equipment Services (NASDAQ:HEES) Upgraded by ValuEngine to “Sell”

ValuEngine upgraded shares of H&E Equipment Services (NASDAQ:HEES) from a strong sell rating to a sell rating in a research report report published on Thursday, January 24th.

Other equities research analysts have also issued research reports about the stock. Macquarie set a $25.00 price target on shares of H&E Equipment Services and gave the company a hold rating in a research note on Friday, October 26th. BidaskClub lowered shares of H&E Equipment Services from a strong-buy rating to a buy rating in a research note on Thursday, October 11th. Zacks Investment Research lowered shares of H&E Equipment Services from a hold rating to a sell rating in a research note on Friday, October 26th. Finally, UBS Group set a $28.00 price objective on shares of H&E Equipment Services and gave the company a hold rating in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $36.50.

Shares of NASDAQ:HEES opened at $26.18 on Thursday. H&E Equipment Services has a 52 week low of $18.12 and a 52 week high of $44.24. The company has a market capitalization of $935.52 million, a price-to-earnings ratio of 7.52, a PEG ratio of 0.83 and a beta of 2.75. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 3.93.

In other H&E Equipment Services news, Director Bruce Bruckmann purchased 22,500 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were purchased at an average price of $19.56 per share, for a total transaction of $440,100.00. Following the completion of the transaction, the director now owns 767,740 shares in the company, valued at approximately $15,016,994.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Arnold purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was acquired at an average price of $20.07 per share, for a total transaction of $200,700.00. Following the transaction, the director now owns 68,204 shares of the company’s stock, valued at approximately $1,368,854.28. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Winch Advisory Services LLC boosted its stake in H&E Equipment Services by 366.6% in the 4th quarter. Winch Advisory Services LLC now owns 2,333 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 1,833 shares during the period. Divergent Wealth Advisors LLC acquired a new position in H&E Equipment Services in the 3rd quarter worth approximately $101,000. OppenheimerFunds Inc. acquired a new position in H&E Equipment Services in the 2nd quarter worth approximately $202,000. Xact Kapitalforvaltning AB boosted its stake in H&E Equipment Services by 65.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 10,137 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 4,000 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in H&E Equipment Services in the 3rd quarter worth approximately $230,000. 73.46% of the stock is 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 rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

See Also: Consumer Price Index (CPI)

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Analyst Recommendations for H&E Equipment Services (NASDAQ:HEES)

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