Do Institutional Investors Love H&e Equipment Services Inc (NASDAQ:HEES)?

May 17, 2018 - By Hannah Black

Sentiment for H&e Equipment Services Inc (NASDAQ:HEES)

H&e Equipment Services Inc (NASDAQ:HEES) institutional sentiment increased to 1.3 in 2017 Q4. Its up 0.06, from 1.24 in 2017Q3. The ratio has increased, as 82 institutional investors increased and opened new positions, while 63 cut down and sold holdings in H&e Equipment Services Inc. The institutional investors in our partner’s database reported: 25.77 million shares, up from 25.69 million shares in 2017Q3. Also, the number of institutional investors holding H&e Equipment Services Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 51 Increased: 49 New Position: 33.

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company has market cap of $1.39 billion. The firm rents, sells, and provides parts and service support for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It has a 12.65 P/E ratio. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

The stock increased 0.34% or $0.13 during the last trading session, reaching $38.85. About 64,112 shares traded. H&E Equipment Services, Inc. (NASDAQ:HEES) has risen 62.02% since May 17, 2017 and is uptrending. It has outperformed by 50.47% the S&P500.

Analysts await H&E Equipment Services, Inc. (NASDAQ:HEES) to report earnings on July, 26. They expect $0.46 earnings per share, up 64.29 % or $0.18 from last year’s $0.28 per share. HEES’s profit will be $16.40M for 21.11 P/E if the $0.46 EPS becomes a reality. After $0.26 actual earnings per share reported by H&E Equipment Services, Inc. for the previous quarter, Wall Street now forecasts 76.92 % EPS growth.

Tygh Capital Management Inc. holds 2.93% of its portfolio in H&E Equipment Services, Inc. for 382,503 shares. Harvey Partners Llc owns 30,000 shares or 1.55% of their US portfolio. Moreover, Emerald Advisers Inc Pa has 0.86% invested in the company for 546,691 shares. The Illinois-based Banced Corp has invested 0.79% in the stock. Hood River Capital Management Llc, a Oregon-based fund reported 335,887 shares.

Since January 1, 0001, it had 0 insider purchases, and 11 insider sales for $17.53 million activity.

H&E Equipment Services, Inc. (NASDAQ:HEES) Ratings Coverage

Ratings analysis reveals 80% of H\u0026E Equipment Services’s analysts are positive. Out of 5 Wall Street analysts rating H\u0026E Equipment Services, 4 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $18 while the high is $46.0. The stock’s average target of $39.80 is 2.45% above today’s ($38.85) share price. HEES was included in 7 notes of analysts from November 21, 2017. The firm has “Sell” rating by UBS given on Friday, February 23. The firm has “Buy” rating given on Friday, February 23 by RBC Capital Markets. The rating was maintained by Buckingham Research with “Buy” on Friday, April 27. The rating was maintained by Bank of America with “Buy” on Monday, February 26. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 15. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 11.

H&E Equipment Services, Inc. (NASDAQ:HEES) Institutional Positions Chart

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