H&E Equipment Services, Inc. (NASDAQ:HEES – Get Rating) Director Gary W. Bagley sold 6,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $36.07, for a total value of $216,420.00. Following the sale, the director now directly owns 99,517 shares of the company’s stock, valued at $3,589,578.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of HEES stock opened at $36.55 on Friday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.36 and a beta of 2.09. The company has a debt-to-equity ratio of 3.99, a current ratio of 3.10 and a quick ratio of 2.61. The business has a fifty day moving average of $37.58 and a 200 day moving average of $41.00. H&E Equipment Services, Inc. has a 1 year low of $28.28 and a 1 year high of $50.69.
H&E Equipment Services (NASDAQ:HEES – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The industrial products company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. The firm had revenue of $272.45 million during the quarter, compared to analysts’ expectations of $261.91 million. H&E Equipment Services had a net margin of 10.02% and a return on equity of 28.18%. H&E Equipment Services’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, equities research analysts expect that H&E Equipment Services, Inc. will post 2.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 27th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, May 26th. H&E Equipment Services’s dividend payout ratio is presently 35.03%.
A number of hedge funds have recently made changes to their positions in HEES. UBS Asset Management Americas Inc. boosted its holdings in shares of H&E Equipment Services by 18.3% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 39,037 shares of the industrial products company’s stock valued at $1,355,000 after buying an additional 6,049 shares during the period. Balyasny Asset Management LLC purchased a new position in shares of H&E Equipment Services in the third quarter worth approximately $4,438,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of H&E Equipment Services by 15.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 415,153 shares of the industrial products company’s stock worth $18,379,000 after acquiring an additional 56,012 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of H&E Equipment Services in the fourth quarter worth approximately $2,120,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of H&E Equipment Services in the 4th quarter valued at approximately $355,000. 83.91% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on H&E Equipment Services in a report on Thursday, March 31st. They set a “buy” rating for the company. UBS Group raised H&E Equipment Services from a “neutral” rating to a “buy” rating and upped their price target for the company from $45.00 to $48.00 in a research report on Tuesday, March 8th. Wells Fargo & Company started coverage on H&E Equipment Services in a report on Friday, March 11th. They issued an “overweight” rating and a $55.00 price target on the stock. Finally, Zacks Investment Research lowered H&E Equipment Services from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, April 27th.
H&E Equipment Services Company Profile (Get Rating)
H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, 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 through a fleet of approximately 42,725 pieces of equipment.
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