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

A number of brokerages have issued reports on HEES. Zacks Investment Research downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Monday, May 23rd. Avondale Partners raised their target price on 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 50 day moving average price of $19.12 and a 200 day moving average price of $16.88. The firm has a market capitalization of $647.04 million and a PE ratio of 14.85.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.07. The business earned $247 million during the quarter, compared to analysts’ expectations of $222.49 million. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. On average, analysts predict that H&E Equipment Services Inc. will post $1.12 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of HEES. Dimensional Fund Advisors LP increased 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. State of Wisconsin Investment Board increased 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. California Public Employees Retirement System increased 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. BOKF NA purchased a new stake in H&E Equipment Services during the fourth quarter worth approximately $2,230,000. Finally, New York State Common Retirement Fund increased 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.

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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