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

A number of brokerages recently issued reports on HEES. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 2nd. Avondale Partners raised their price objective on H&E Equipment Services from $13.00 to $18.00 and gave the stock a “market perform” rating in a research report on Monday, April 18th.

The stock has a market capitalization of $596.43 million and a P/E ratio of 15.17. The firm’s 50-day moving average is $18.61 and its 200-day moving average is $17.19.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, July 28th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. The company earned $242.10 million during the quarter, compared to analyst estimates of $255.46 million. The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. On average, analysts anticipate that H&E Equipment Services Inc. will post $1.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 22nd will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.46%.

A hedge fund recently raised its stake in H&E Equipment Services stock. New York State Common Retirement Fund raised its stake in H&E Equipment Services Inc. (NASDAQ:HEES) by 24.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 98,643 shares of the company’s stock after buying an additional 19,680 shares during the period. New York State Common Retirement Fund owned 0.28% of H&E Equipment Services worth $1,724,000 as of its most recent SEC filing.

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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