H&E Equipment Services Sees Unusually High Options Volume (HEES)

H&E Equipment Services, Inc. (NASDAQ:HEES) was the target of some unusual options trading on Thursday. Stock traders bought 819 call options on the company. This is an increase of approximately 1,389% compared to the average volume of 55 call options.

Shares of H&E Equipment Services (HEES) opened at $41.20 on Friday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.71 and a current ratio of 1.06. H&E Equipment Services has a 1 year low of $17.44 and a 1 year high of $41.50. The stock has a market cap of $1,490.00, a PE ratio of 40.39, a price-to-earnings-growth ratio of 1.26 and a beta of 2.90.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.32. H&E Equipment Services had a net margin of 3.69% and a return on equity of 38.83%. The business had revenue of $259.16 million during the quarter, compared to analyst estimates of $252.94 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. equities research analysts anticipate that H&E Equipment Services will post 1.6 EPS for the current year.

A number of research analysts recently commented on HEES shares. UBS Group increased their target price on H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a research note on Friday, October 27th. Buckingham Research started coverage on H&E Equipment Services in a research note on Tuesday, November 21st. They issued a “buy” rating and a $39.00 target price on the stock. Zacks Investment Research cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.40.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its position in H&E Equipment Services by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after buying an additional 461 shares during the period. Legal & General Group Plc boosted its position in H&E Equipment Services by 4.3% during the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after buying an additional 317 shares during the period. BNP Paribas Arbitrage SA boosted its position in H&E Equipment Services by 304.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock valued at $159,000 after buying an additional 5,871 shares during the period. SG Americas Securities LLC purchased a new stake in H&E Equipment Services during the third quarter valued at about $159,000. Finally, Great West Life Assurance Co. Can boosted its position in H&E Equipment Services by 223.0% during the third quarter. Great West Life Assurance Co. Can now owns 5,898 shares of the industrial products company’s stock valued at $176,000 after buying an additional 4,072 shares during the period. Institutional investors and hedge funds own 75.43% of the company’s stock.

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H&E Equipment Services Company Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. 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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