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

H&E Equipment Services, Inc. (NASDAQ:HEES) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 718,900 shares, a drop of 19.4% from the March 15th total of 892,400 shares. Based on an average daily volume of 221,300 shares, the days-to-cover ratio is currently 3.2 days. Approximately 2.3% of the shares of the stock are sold short.

Separately, Zacks Investment Research raised H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Friday, February 26th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crescent Capital Consulting LLC purchased a new position in shares of H&E Equipment Services during the fourth quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of H&E Equipment Services by 40.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,024 shares of the industrial products company’s stock worth $150,000 after buying an additional 1,439 shares during the period. Alpha Paradigm Partners LLC purchased a new position in shares of H&E Equipment Services during the fourth quarter worth $164,000. ProShare Advisors LLC purchased a new position in shares of H&E Equipment Services during the fourth quarter worth $212,000. Finally, Citigroup Inc. boosted its position in shares of H&E Equipment Services by 149.4% during the fourth quarter. Citigroup Inc. now owns 7,203 shares of the industrial products company’s stock worth $214,000 after buying an additional 4,315 shares during the period. Institutional investors and hedge funds own 66.43% of the company’s stock.

HEES stock opened at $36.92 on Wednesday. The firm has a market cap of $1.33 billion, a PE ratio of 369.20 and a beta of 2.40. H&E Equipment Services has a one year low of $11.82 and a one year high of $39.34. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.09 and a current ratio of 1.50. The firm’s 50 day moving average price is $35.94 and its 200-day moving average price is $29.78.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Tuesday, February 16th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The company had revenue of $315.60 million during the quarter, compared to analysts’ expectations of $289.40 million. H&E Equipment Services had a return on equity of 22.55% and a net margin of 0.32%. During the same quarter last year, the firm earned $0.88 earnings per share. Equities research analysts predict that H&E Equipment Services will post 1.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 12th. Shareholders of record on Friday, February 26th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, February 25th. This represents a $1.10 annualized dividend and a yield of 2.98%. H&E Equipment Services’s dividend payout ratio (DPR) is 41.20%.

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.

Read More: New Google Finance Tool and Screening Stocks

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.