H&E Equipment Services Inc. (NASDAQ:HEES) shares shot up 6.3% during mid-day trading on Friday . The stock traded as high as $19.33 and last traded at $19.19, with a volume of 141,710 shares changing hands. The stock had previously closed at $18.06.

Several research firms have issued reports on HEES. Avondale Partners upped their price target on H&E Equipment Services from $13.00 to $18.00 and gave the company a “market perform” rating in a report on Monday, April 18th. Zacks Investment Research raised H&E Equipment Services from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, June 20th.

The stock’s 50 day moving average is $19.15 and its 200 day moving average is $16.80. The stock has a market cap of $675.86 million and a P/E ratio of 15.51.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.07. The company had revenue of $247 million for the quarter, compared to the consensus estimate of $222.49 million. H&E Equipment Services’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, analysts anticipate that H&E Equipment Services Inc. will post $1.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $1.10 annualized dividend and a dividend yield of 5.72%.

A number of institutional investors have made changes to their positions in the stock. State of Wisconsin Investment Board boosted its position in shares of H&E Equipment Services by 1.0% in the fourth quarter. State of Wisconsin Investment Board now owns 253,725 shares of the company’s stock worth $4,435,000 after buying an additional 2,408 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of H&E Equipment Services by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 130,600 shares of the company’s stock worth $2,283,000 after buying an additional 5,700 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of H&E Equipment Services by 24.9% in the fourth quarter. New York State Common Retirement Fund now owns 98,643 shares of the company’s stock worth $1,724,000 after buying an additional 19,680 shares during the last quarter. LSV Asset Management boosted its position in shares of H&E Equipment Services by 19.6% in the fourth quarter. LSV Asset Management now owns 456,700 shares of the company’s stock worth $7,983,000 after buying an additional 74,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of H&E Equipment Services by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,439,999 shares of the company’s stock worth $25,171,000 after buying an additional 85,357 shares during the last quarter.

H&E Equipment Services, Inc is an integrated equipment services company. The Company 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.