The stock of H&E Equipment Services, Inc. (NASDAQ:HEES) is a huge mover today! About 528,284 shares traded hands or 9.09% up from the average. H&E Equipment Services, Inc. (NASDAQ:HEES) has risen 3.69% since April 14, 2016 and is uptrending. It has underperformed by 1.00% the S&P500.
The move comes after 8 months negative chart setup for the $649.73M company. It was reported on Nov, 16 by Barchart.com. We have $17.13 PT which if reached, will make NASDAQ:HEES worth $32.49M less.
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. As per Friday, January 15, the company rating was upgraded by Longbow. RBC Capital Markets maintained the shares of HEES in a report on Friday, July 31 with “Outperform” rating. UBS downgraded the stock to “Sell” rating in Friday, October 7 report. Longbow upgraded H&E Equipment Services, Inc. (NASDAQ:HEES) on Monday, January 18 to “Buy” rating. The rating was upgraded by UBS to “Buy” on Friday, July 31. The stock of H&E Equipment Services, Inc. (NASDAQ:HEES) has “Outperform” rating given on Friday, February 26 by RBC Capital Markets.
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 increased to 1.31 in Q2 2016. Its up 0.14, from 1.17 in 2016Q1. The ratio increased, 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.
Moreover, Rbf Limited Liability has 0.1% invested in H&E Equipment Services, Inc. (NASDAQ:HEES) for 27,600 shares. Us Fincl Bank De accumulated 2,069 shares or 0% of the stock. Banced Corp accumulated 16,467 shares or 0.52% of the stock. Moreover, Swiss Comml Bank has 0% invested in H&E Equipment Services, Inc. (NASDAQ:HEES) for 53,600 shares. Macquarie Gp Limited reported 2.11 million shares or 0.08% of all its holdings. Lsv Asset Mngmt holds 0.01% or 381,300 shares in its portfolio. Deutsche National Bank & Trust Ag last reported 167,662 shares in the company. Voya Lc accumulated 16,013 shares or 0% of the stock. Da Davidson Company holds 0% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES) for 2,250 shares. Blackrock Management Ltd Co reported 116,062 shares or 0% of all its holdings. Secor Advsrs Limited Partnership has 0.08% invested in the company for 31,754 shares. The Illinois-based Ubs Asset Mgmt Americas Incorporated has invested 0% in H&E Equipment Services, Inc. (NASDAQ:HEES). National Bank Of America De accumulated 95,604 shares or 0% of the stock. Moreover, Qs Investors Ltd Co has 0% invested in H&E Equipment Services, Inc. (NASDAQ:HEES) for 17 shares. Moreover, Springbok Capital Mngmt Ltd has 0.03% invested in H&E Equipment Services, Inc. (NASDAQ:HEES) for 10,300 shares.
Insider Transactions: Since September 6, 2016, the stock had 2 buys, and 0 sales for $46,824 net activity. $15,824 worth of shares were bought by Sawyer John on Tuesday, September 6.
More recent H&E Equipment Services, Inc. (NASDAQ:HEES) news were published by: Businesswire.com which released: “H&E Equipment Services, Inc. Announces Appointment of Kevin Inda as Vice …” on May 16, 2016. Also Seekingalpha.com published the news titled: “H&E Equipment Services: Too Hard To Defend Now” on October 12, 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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