The stock of H&E Equipment Services, Inc. (NASDAQ:HEES) is a huge mover today! About 153,148 shares traded hands. H&E Equipment Services, Inc. (NASDAQ:HEES) has declined 4.11% since April 28, 2016 and is downtrending. It has underperformed by 10.04% the S&P500.
The move comes after 7 months positive chart setup for the $724.51M company. It was reported on Dec, 1 by Barchart.com. We have $21.58 PT which if reached, will make NASDAQ:HEES worth $65.21 million more.
Analysts await H&E Equipment Services, Inc. (NASDAQ:HEES) to report earnings on February, 23. They expect $0.30 EPS, down 11.76% or $0.04 from last year’s $0.34 per share. HEES’s profit will be $10.98 million for 16.50 P/E if the $0.30 EPS becomes a reality. After $0.33 actual EPS 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. On Monday, January 18 the stock rating was upgraded by Longbow to “Buy”. The rating was upgraded by Longbow to “Buy” on Friday, January 15. UBS downgraded H&E Equipment Services, Inc. (NASDAQ:HEES) on Friday, October 7 to “Sell” rating. UBS upgraded it to “Buy” rating and $24 target price in Friday, July 31 report. The firm has “Outperform” rating given on Friday, July 31 by RBC Capital Markets. RBC Capital Markets maintained the shares of HEES in a report on Friday, February 26 with “Outperform” rating.
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 2016 Q2. Its down 0.15, from 1.31 in 2016Q1. The ratio turned negative, 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.
Blackrock Inc holds 2,083 shares or 0% of its portfolio. Cornerstone Advisors Inc reported 32 shares or 0% of all its holdings. Swiss Bancorporation has 53,600 shares for 0% of their US portfolio. Blackrock Institutional Communications Na holds 763,396 shares or 0% of its portfolio. The United Kingdom-based Gsa Capital Ptnrs Ltd Liability Partnership has invested 0.18% in H&E Equipment Services, Inc. (NASDAQ:HEES). Prudential Fincl Incorporated accumulated 0% or 11,580 shares. Putnam Investments Lc holds 0.01% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES) for 197,997 shares. American Group Inc Inc last reported 18,174 shares in the company. State Of Tennessee Treasury Department has invested 0.01% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES). Gilder Gagnon Howe Ltd Limited Liability Company has 328,421 shares for 0.12% of their US portfolio. The Florida-based Deprince Race Zollo has invested 0.08% in H&E Equipment Services, Inc. (NASDAQ:HEES). Sei Investments holds 0% or 127 shares in its portfolio. Clearbridge Invests Ltd Liability, a New York-based fund reported 1.59 million shares. Us National Bank De has invested 0% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES). Parametric Assoc Ltd Liability owns 290,973 shares or 0.01% of their US portfolio.
Insider Transactions: Since September 6, 2016, the stock had 2 insider purchases, and 0 insider sales for $46,824 net activity. 1,000 shares were bought by Sawyer John, worth $15,824 on Tuesday, September 6.
More recent H&E Equipment Services, Inc. (NASDAQ:HEES) news were published by: Nasdaq.com which released: “H&E Equipment Services Inc. Earnings Decline 21% In Q3” on October 27, 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. (HEES) Ex-Dividend Date Scheduled for November 17 …” with publication date: November 16, 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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