The stock of H&E Equipment Services, Inc. (NASDAQ:HEES) is a huge mover today! The stock increased 5.83% or $1.03 on November 23, hitting $18.71. About 571,600 shares traded hands or 19.73% up from the average. H&E Equipment Services, Inc. (NASDAQ:HEES) has risen 3.31% since April 22, 2016 and is uptrending. It has underperformed by 2.10% the S&P500.
The move comes after 5 months positive chart setup for the $668.31M company. It was reported on Nov, 24 by Barchart.com. We have $19.46 PT which if reached, will make NASDAQ:HEES worth $26.73 million more.
Analysts await H&E Equipment Services, Inc. (NASDAQ:HEES) to report earnings on February, 23. They expect $0.30 earnings per share, down 11.76% or $0.04 from last year’s $0.34 per share. HEES’s profit will be $10.72 million for 15.59 P/E if the $0.30 EPS becomes a reality. After $0.33 actual earnings per share reported by H&E Equipment Services, Inc. for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.
H&E Equipment Services, Inc. (NASDAQ:HEES) Ratings Coverage
Out of 3 analysts covering H&E Equipment Services (NASDAQ:HEES), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. H&E Equipment Services has been the topic of 6 analyst reports since July 31, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained H&E Equipment Services, Inc. (NASDAQ:HEES) on Friday, July 31 with “Outperform” rating. The stock of H&E Equipment Services, Inc. (NASDAQ:HEES) has “Buy” rating given on Friday, July 31 by UBS. The company was maintained on Friday, February 26 by RBC Capital Markets. The stock has “Sell” rating given by UBS on Friday, October 7. The stock has “Buy” rating given by Longbow on Friday, January 15. The firm has “Buy” rating given on Monday, January 18 by Longbow.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.15, from 1.31 in 2016Q1. The ratio fall, as 14 funds sold all H&E Equipment Services, Inc. shares owned while 34 reduced positions. 27 funds bought stakes while 36 increased positions. They now own 25.89 million shares or 0.37% less from 25.99 million shares in 2016Q1.
Manufacturers Life Ins The has 21,654 shares for 0% of their US portfolio. Prudential Fincl accumulated 11,580 shares or 0% of the stock. Spark Inv Limited Liability Company owns 16,000 shares or 0.03% of their US portfolio. Vanguard Gp has invested 0% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES). Bnp Paribas Arbitrage has invested 0% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES). Credit Suisse Ag accumulated 0% or 45,563 shares. Pdt Prns Lc owns 46,300 shares or 0.07% of their US portfolio. Price T Rowe Associate Md accumulated 14,100 shares or 0% of the stock. Blackrock Ltd last reported 13,369 shares in the company. Nicholas Inv Prtn L P holds 0.18% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES) for 132,633 shares. Putnam Invests Limited Com owns 197,997 shares or 0.01% of their US portfolio. Dupont Cap Management holds 26,854 shares or 0.01% of its portfolio. Goldman Sachs Grp Incorporated reported 284,252 shares or 0% of all its holdings. Alliancebernstein Lp owns 1.67 million shares or 0.03% of their US portfolio. Secor Advsrs Ltd Partnership owns 31,754 shares or 0.08% of their US portfolio.
Insider Transactions: Since September 6, 2016, the stock had 2 buys, and 0 sales for $46,824 net activity. Another trade for 1,000 shares valued at $15,824 was bought by Sawyer John.
More recent H&E Equipment Services, Inc. (NASDAQ:HEES) news were published by: Nasdaq.com which released: “H&E Equipment Services, Inc. (HEES) Ex-Dividend Date Scheduled for November 17 …” on November 16, 2016. Also Businesswire.com published the news titled: “H&E Equipment Services, Inc. Announces Appointment of Kevin Inda as Vice …” on May 16, 2016. Nasdaq.com‘s news article titled: “H&E Equipment Services Inc. Earnings Decline 21% In Q3” with publication date: October 27, 2016 was also an interesting one.
HEES Company Profile
H&E Equipment Services, Inc., incorporated on September 22, 2005, is an integrated equipment services company. The Firm is focused on heavy construction and industrial equipment. The Firm rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks. The Company’s divisions include equipment rentals, new equipment sales, used equipment sales, parts sales and services. The equipment rentals segment rents various types of construction and industrial equipment. The new equipment sales segment sells new equipment in its core product categories. The used equipment sales segment sells used equipment from its rental fleet, as well as from sales of inventoried equipment that it acquires through trade-ins from its equipment clients and through purchases of used equipment. The parts sales segment sells new and used parts for the equipment the Company sells and also provides parts to its own rental fleet. The services segment provides maintenance and repair services for its customers’ equipment and to its own rental fleet at its facilities, as well as at its customers’ locations.
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