H&E Equipment Services (NASDAQ: HEES) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating in a report issued on Saturday.
Separately, analysts at Sidoti downgraded shares of H&E Equipment Services from a “buy” rating to a “neutral” rating in a research note to investors on Thursday.
H&E Equipment Services, Inc. is an integrated equipment services companies in the United States focused on heavy construction and industrial equipment. It rents, sells and provides parts and service support for four categories of specialized equipment: hi-lift or aerial work platform equipment, cranes, earthmoving equipment and industrial lift trucks. The Company engages in five business activities in these equipment categories: equipment rentals, new equipment sales, used equipment sales, parts sales, and repair and maintenance services. As of March 1, 2010, the infrastructure includes 66 facilities, located throughout the West Coast, Intermountain, Southwest, Gulf Coast, Southeast and Mid-Atlantic regions of the United States. The Company rents its heavy construction and industrial equipment to its customers on a daily, weekly and monthly basis. At December 31, 2009, the Company’s rental fleet consisted of 16,003 pieces of equipment.
Shares of H&E Equipment Services traded up 0.76% during mid-day trading on Friday, hitting $15.86. H&E Equipment Services has a 52 week low of $6.80 and a 52 week high of $20.40. The stock’s 50-day moving average is $13.91 and its 200-day moving average is $11.47. The company’s market cap is $552.0 million.