H&E Equipment Services, Inc. (NASDAQ:HEES) Short Interest Update

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,150,000 shares, a decrease of 7.3% from the November 15th total of 1,240,000 shares. Based on an average daily volume of 275,200 shares, the days-to-cover ratio is presently 4.2 days. Currently, 3.6% of the shares of the stock are short sold.

H&E Equipment Services Trading Down 1.5 %

NASDAQ HEES traded down $0.86 during trading hours on Monday, hitting $55.03. The company's stock had a trading volume of 170,026 shares, compared to its average volume of 268,538. H&E Equipment Services has a twelve month low of $40.92 and a twelve month high of $66.18. The firm has a market capitalization of $2.01 billion, a P/E ratio of 14.07, a PEG ratio of 13.24 and a beta of 1.84. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The stock has a fifty day moving average of $55.88 and a 200 day moving average of $49.80.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The company had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. Equities research analysts forecast that H&E Equipment Services will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.00%. H&E Equipment Services's dividend payout ratio (DPR) is presently 27.92%.

Analyst Upgrades and Downgrades

Separately, B. Riley reaffirmed a "buy" rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC boosted its position in shares of H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company's stock worth $41,000 after purchasing an additional 278 shares in the last quarter. Federated Hermes Inc. grew its stake in H&E Equipment Services by 0.7% in the second quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company's stock valued at $2,047,000 after acquiring an additional 326 shares during the period. Nisa Investment Advisors LLC raised its holdings in H&E Equipment Services by 7.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company's stock worth $408,000 after buying an additional 555 shares during the period. The Manufacturers Life Insurance Company lifted its stake in H&E Equipment Services by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company's stock valued at $810,000 after buying an additional 627 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of H&E Equipment Services by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company's stock valued at $4,896,000 after buying an additional 664 shares during the period. Institutional investors own 84.08% of the company's stock.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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