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

H&E Equipment Services, Inc. (NASDAQ:HEES) was the recipient of a large decrease in short interest in 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. Approximately 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 275,200 shares, the days-to-cover ratio is presently 4.2 days.

H&E Equipment Services Trading Down 3.3 %

Shares of HEES opened at $53.20 on Wednesday. The company’s fifty day simple moving average is $55.96 and its 200-day simple moving average is $49.85. The company has a market cap of $1.95 billion, a P/E ratio of 13.50, a P/E/G ratio of 13.24 and a beta of 1.84. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a twelve month low of $40.92 and a twelve month high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data 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). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. During the same period last year, the company earned $1.46 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, analysts expect that H&E Equipment Services will post 3.27 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, November 29th. H&E Equipment Services’s payout ratio is currently 27.92%.

Analyst Upgrades and Downgrades

Separately, B. Riley reiterated a “buy” rating and issued a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.25.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of H&E Equipment Services during the second quarter valued at $37,000. CWM LLC boosted its position in H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after buying an additional 278 shares during the period. Meeder Asset Management Inc. bought a new position in H&E Equipment Services in the 2nd quarter worth about $65,000. Millburn Ridgefield Corp bought a new position in H&E Equipment Services in the 3rd quarter worth about $84,000. Finally, Quest Partners LLC purchased a new position in shares of H&E Equipment Services during the second quarter worth approximately $109,000. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Company Profile

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.