H&E Equipment Services, Inc. (NASDAQ:HEES) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 683,306 shares, a decline of 31.2% from the November 15th total of 992,617 shares. Based on an average daily volume of 321,130 shares, the short-interest ratio is presently 2.1 days. Currently, 2.2% of the shares of the company are sold short.

Several research firms recently issued reports on HEES. Buckingham Research began coverage on shares of H&E Equipment Services in a research note on Tuesday, November 21st. They issued a “buy” rating and a $39.00 target price for the company. Zacks Investment Research upgraded shares of H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 31st. UBS upped their price objective on shares of H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. ValuEngine cut shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Bank of America assumed coverage on shares of H&E Equipment Services in a research report on Tuesday, September 26th. They set a “buy” rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.40.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in H&E Equipment Services by 3.8% during the second quarter. Vanguard Group Inc. now owns 2,758,022 shares of the industrial products company’s stock worth $56,292,000 after acquiring an additional 100,243 shares during the period. Macquarie Group Ltd. grew its holdings in shares of H&E Equipment Services by 8.1% during the third quarter. Macquarie Group Ltd. now owns 2,584,605 shares of the industrial products company’s stock worth $75,470,000 after buying an additional 193,563 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of H&E Equipment Services by 49.5% during the second quarter. Victory Capital Management Inc. now owns 2,287,033 shares of the industrial products company’s stock worth $46,678,000 after buying an additional 757,427 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of H&E Equipment Services by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,665,343 shares of the industrial products company’s stock worth $33,989,000 after buying an additional 34,766 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of H&E Equipment Services by 25.0% during the second quarter. Alliancebernstein L.P. now owns 1,539,181 shares of the industrial products company’s stock worth $31,415,000 after buying an additional 307,979 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

H&E Equipment Services (NASDAQ HEES) opened at $39.74 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 5.29. The firm has a market cap of $1,367.10, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.54 and a beta of 2.91. H&E Equipment Services has a 12-month low of $17.44 and a 12-month high of $39.91.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.32. The company had revenue of $259.16 million during the quarter, compared to analysts’ expectations of $252.94 million. H&E Equipment Services had a net margin of 3.27% and a return on equity of 24.15%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. equities analysts predict that H&E Equipment Services will post 1.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 20th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, November 17th. H&E Equipment Services’s dividend payout ratio is presently 107.84%.

COPYRIGHT VIOLATION NOTICE: “Short Interest in H&E Equipment Services, Inc. (HEES) Decreases By 31.2%” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/short-interest-in-he-equipment-services-inc-hees-decreases-by-31-2/1772175.html.

About H&E Equipment Services

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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.