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

HEES has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Monday, May 30th. Avondale Partners raised their target price on shares of H&E Equipment Services from $13.00 to $18.00 and gave the stock a “market perform” rating in a report on Monday, April 18th.

The stock has a 50-day moving average of $19.17 and a 200 day moving average of $16.82. The firm has a market capitalization of $675.86 million and a PE ratio of 15.51.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.09 by $0.07. The firm had revenue of $247 million for the quarter, compared to analyst estimates of $222.49 million. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. Equities analysts forecast that H&E Equipment Services Inc. will post $1.14 EPS for the current year.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board boosted its position in 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 valued at $4,435,000 after buying an additional 2,408 shares during the period. California Public Employees Retirement System boosted its position in 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 valued at $2,283,000 after buying an additional 5,700 shares during the period. New York State Common Retirement Fund boosted its position in 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 valued at $1,724,000 after buying an additional 19,680 shares during the period. LSV Asset Management boosted its position in H&E Equipment Services by 19.6% in the fourth quarter. LSV Asset Management now owns 456,700 shares of the company’s stock valued at $7,983,000 after buying an additional 74,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in 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 valued at $25,171,000 after buying an additional 85,357 shares during the period.

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.

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