H&E Equipment Services, Inc. (HEES) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

November 7, 2017 - By Louis Casey

Investors sentiment increased to 1 in 2017 Q2. Its up 0.10, from 0.9 in 2017Q1. It improved, as 24 investors sold H&E Equipment Services, Inc. shares while 37 reduced holdings. 19 funds opened positions while 42 raised stakes. 25.70 million shares or 2.01% less from 26.23 million shares in 2017Q1 were reported.
Pillar Pacific Mgmt Ltd owns 0.03% invested in H&E Equipment Services, Inc. (NASDAQ:HEES) for 10,800 shares. Granite Investment Partners Limited Liability Com owns 0.72% invested in H&E Equipment Services, Inc. (NASDAQ:HEES) for 522,588 shares. Citigroup Incorporated has 0% invested in H&E Equipment Services, Inc. (NASDAQ:HEES). State Of Wisconsin Investment Board accumulated 192,098 shares. Royal State Bank Of Canada owns 47,500 shares for 0% of their portfolio. Barclays Public Ltd Co holds 9,749 shares. Guggenheim Capital Lc has invested 0% in H&E Equipment Services, Inc. (NASDAQ:HEES). Wellington Shields Cap Management Limited Liability Company stated it has 36,800 shares. D E Shaw And owns 0% invested in H&E Equipment Services, Inc. (NASDAQ:HEES) for 43,712 shares. 14,139 are owned by Fdx. Northern Trust Corporation holds 0% or 434,996 shares in its portfolio. Clearbridge Limited Liability Company holds 0.04% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES) for 1.92M shares. Commercial Bank Of New York Mellon Corp owns 553,184 shares. Ubs Asset Mgmt Americas owns 12,100 shares or 0% of their US portfolio. Cap Management Assocs invested in 23,000 shares.

The stock of H&E Equipment Services, Inc. (NASDAQ:HEES) hit a new 52-week high and has $35.02 target or 4.00 % above today’s $33.67 share price. The 8 months bullish chart indicates low risk for the $1.20B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $35.02 price target is reached, the company will be worth $48.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 152,538 shares traded. H&E Equipment Services, Inc. (NASDAQ:HEES) has risen 3.15% since November 7, 2016 and is uptrending. It has underperformed by 13.55% the S&P500.

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

Among 5 analysts covering H&E Equipment Services (NASDAQ:HEES), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. H&E Equipment Services had 13 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, July 27 report. KeyBanc Capital Markets maintained the shares of HEES in report on Tuesday, September 12 with “Hold” rating. Bank of America initiated H&E Equipment Services, Inc. (NASDAQ:HEES) rating on Tuesday, September 26. Bank of America has “Buy” rating and $33.0 target. RBC Capital Markets maintained it with “Buy” rating and $32.0 target in Tuesday, September 12 report. RBC Capital Markets maintained H&E Equipment Services, Inc. (NASDAQ:HEES) on Monday, July 10 with “Buy” rating. The firm earned “Buy” rating on Monday, June 5 by RBC Capital Markets. On Friday, October 27 the stock rating was maintained by UBS with “Sell”. UBS downgraded the shares of HEES in report on Friday, October 7 to “Sell” rating. The firm earned “Outperform” rating on Friday, February 26 by RBC Capital Markets. Longbow upgraded the shares of HEES in report on Monday, January 18 to “Buy” rating.

More notable recent H&E Equipment Services, Inc. (NASDAQ:HEES) news were published by: Businesswire.com which released: “H&E Equipment Services to Acquire Neff Corporation to Create Leading Equipment …” on July 14, 2017, also Seekingalpha.com with their article: “H&E Equipment Services (HEES) Q4 2016 Results – Earnings Call Transcript” published on February 23, 2017, Seekingalpha.com published: “H&E Equipment Services’ (HEES) CEO John Engquist on Q2 2017 Results – Earnings …” on July 30, 2017. More interesting news about H&E Equipment Services, Inc. (NASDAQ:HEES) were released by: Businesswire.com and their article: “H&E Equipment Services, Inc. Provides Update Regarding Neff Corporation” published on August 16, 2017 as well as Nasdaq.com‘s news article titled: “How To YieldBoost H&E Equipment Services From 4% To 20.4% Using Options” with publication date: October 24, 2017.

H&E Equipment Services, Inc. is an integrated equipment services company. The company has market cap of $1.20 billion. The Firm is focused on heavy construction and industrial equipment. It has a 33.16 P/E ratio. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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