H&E Equipment Services Inc. (NASDAQ:HEES)’s share price shot up 4.4% on Thursday . The stock traded as high as $19.25 and last traded at $19.18, with a volume of 695,279 shares changing hands. The stock had previously closed at $18.37.

Several research firms have weighed in on HEES. Zacks Investment Research cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Monday, May 23rd. Avondale Partners lifted 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.

The stock has a market capitalization of $678.32 million and a price-to-earnings ratio of 15.56. The stock’s 50 day moving average is $19.07 and its 200 day moving average is $16.92.

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, beating the consensus estimate of $0.09 by $0.07. The company earned $247 million during the quarter, compared to analyst estimates of $222.49 million. During the same period in the previous year, the company posted $0.17 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that H&E Equipment Services Inc. will post $1.12 earnings per share for the current year.

A number of institutional investors recently added to or reduced their stakes in HEES. BOKF NA bought a new position in H&E Equipment Services during the fourth quarter valued at $2,230,000. State of Wisconsin Investment Board raised 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 last quarter. New York State Common Retirement Fund raised 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 last quarter. Finally, California Public Employees Retirement System raised 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 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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