Shares of H&E Equipment Services Inc. (NASDAQ:HEES) fell 1.7% during trading on Monday . The company traded as low as $18.80 and last traded at $18.85, with a volume of 86,084 shares changing hands. The stock had previously closed at $19.18.

A number of brokerages recently issued reports on HEES. Zacks Investment Research cut shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Tuesday, May 17th. Avondale Partners upped their price target on shares of H&E Equipment Services from $13.00 to $18.00 and gave the stock a “market perform” rating in a research note on Monday, April 18th.

The stock has a market cap of $659.34 million and a P/E ratio of 15.13. The stock has a 50-day moving average price of $19.15 and a 200 day moving average price of $16.87.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, April 28th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. During the same quarter in the previous year, the business earned $0.17 EPS. The business earned $247 million during the quarter, compared to analysts’ expectations of $222.49 million. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts expect that H&E Equipment Services Inc. will post $1.14 earnings per share for the current year.

A number of hedge funds have added to or reduced their stakes in HEES. Dimensional Fund Advisors LP raised its stake 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 worth $25,171,000 after buying an additional 85,357 shares during the last quarter. BOKF NA acquired a new stake in H&E Equipment Services during the fourth quarter worth $2,230,000. State of Wisconsin Investment Board raised its stake 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 worth $4,435,000 after buying an additional 2,408 shares during the last quarter. New York State Common Retirement Fund raised its stake 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 worth $1,724,000 after buying an additional 19,680 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake 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 worth $2,283,000 after buying an additional 5,700 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.