H&E Equipment Services, Inc. (NASDAQ:HEES) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,197,900 shares, an increase of 13.2% from the June 15th total of 1,058,500 shares. Based on an average daily trading volume, of 227,100 shares, the days-to-cover ratio is currently 5.3 days. Currently, 3.8% of the company’s shares are short sold.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine downgraded shares of Wave Life Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. UBS Group reissued a “hold” rating and set a $7.80 price objective on shares of Deutsche Bank in a research report on Friday, April 26th. Bank of America reissued a “buy” rating and set a $420.00 price objective (up from $400.00) on shares of Lendingtree in a research report on Monday, April 29th. Finally, Zacks Investment Research downgraded shares of Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.60.

Several hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in shares of H&E Equipment Services by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 2,278,500 shares of the industrial products company’s stock valued at $57,213,000 after buying an additional 58,077 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of H&E Equipment Services by 1.9% during the 4th quarter. Macquarie Group Ltd. now owns 1,735,048 shares of the industrial products company’s stock valued at $35,430,000 after buying an additional 31,800 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of H&E Equipment Services by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,655,804 shares of the industrial products company’s stock valued at $33,812,000 after buying an additional 26,558 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of H&E Equipment Services by 10.9% during the 1st quarter. JPMorgan Chase & Co. now owns 1,132,118 shares of the industrial products company’s stock valued at $28,428,000 after buying an additional 111,052 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of H&E Equipment Services during the 4th quarter valued at $14,358,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

H&E Equipment Services stock traded up $0.48 during mid-day trading on Friday, reaching $30.06. 709,334 shares of the company traded hands, compared to its average volume of 173,377. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.74 and a quick ratio of 0.44. The stock’s 50 day moving average price is $27.72. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.21 and a beta of 2.84. H&E Equipment Services has a 52-week low of $18.12 and a 52-week high of $39.76.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. The business had revenue of $333.60 million for the quarter, compared to the consensus estimate of $337.96 million. H&E Equipment Services had a net margin of 6.33% and a return on equity of 32.89%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. As a group, analysts anticipate that H&E Equipment Services will post 2.43 EPS for the current fiscal year.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

Featured Article: What does cost of debt say about a company’s financial health?

Receive News & Ratings for H&E Equipment Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&E Equipment Services and related companies with MarketBeat.com's FREE daily email newsletter.