Shares of H&E Equipment Services Inc. (NASDAQ:HEES) traded down 3.1% during trading on Tuesday . The company traded as low as $17.44 and last traded at $17.49, with a volume of 116,613 shares trading hands. The stock had previously closed at $18.05.

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

The stock has a 50 day moving average of $18.76 and a 200-day moving average of $17.17. The stock has a market capitalization of $602.75 million and a PE ratio of 15.33.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.05. The firm earned $242.10 million during the quarter, compared to analysts’ expectations of $255.46 million. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. Equities research analysts expect that H&E Equipment Services Inc. will post $1.04 earnings per share for the current year.

A number of hedge funds have made changes to their positions in the company. New York State Common Retirement Fund raised its stake in shares of 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. California Public Employees Retirement System raised its stake in shares of 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. Finally, State of Wisconsin Investment Board raised its stake in shares of 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.

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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