H&E Equipment Services Inc. (NASDAQ:HEES) traded up 4.4% during mid-day trading on Thursday . The company traded as high as $19.25 and last traded at $19.18, with a volume of 695,279 shares traded. The stock had previously closed at $18.37.

A number of equities research analysts have issued reports on the stock. Avondale Partners raised 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 report on Monday, April 18th. Zacks Investment Research raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, May 2nd.

The company has a 50 day moving average of $19.09 and a 200-day moving average of $16.89. The company has a market capitalization of $668.13 million and a PE ratio of 15.33.

H&E Equipment Services (NASDAQ:HEES) last released its 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. During the same period last year, the firm posted $0.17 EPS. The company earned $247 million during the quarter, compared to analysts’ expectations of $222.49 million. H&E Equipment Services’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that H&E Equipment Services Inc. will post $1.12 earnings per share for the current year.

Other institutional investors recently added to or reduced their stakes in the company. California Public Employees Retirement System increased 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 increased 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. State of Wisconsin Investment Board increased 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. Finally, BOKF NA bought a new position in H&E Equipment Services during the fourth quarter valued at approximately $2,230,000.

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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