H&E Equipment Services (NASDAQ:HEES) Reaches New 1-Year High at $63.71

H&E Equipment Services, Inc. (NASDAQ:HEES) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.71 and last traded at $63.40, with a volume of 89950 shares changing hands. The stock had previously closed at $62.62.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HEES shares. Stifel Nicolaus upped their price target on H&E Equipment Services from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. StockNews.com raised H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company boosted their price target on H&E Equipment Services from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd.

H&E Equipment Services Trading Down 0.7 %

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.94. The business has a fifty day moving average price of $56.25 and a 200 day moving average price of $49.24. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.05 and a quick ratio of 0.74.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.25. H&E Equipment Services had a return on equity of 36.72% and a net margin of 11.52%. The business had revenue of $385.80 million during the quarter, compared to analyst estimates of $382.58 million. During the same period in the prior year, the company posted $1.41 earnings per share. H&E Equipment Services’s revenue was up 9.2% on a year-over-year basis. On average, equities analysts expect that H&E Equipment Services, Inc. will post 5.02 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 annualized dividend and a yield of 1.71%. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Insiders Place Their Bets

In related news, Director Gary W. Bagley sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $56.34, for a total value of $281,700.00. Following the transaction, the director now owns 59,151 shares in the company, valued at $3,332,567.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Bradley W. Barber sold 15,385 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.54, for a total transaction of $885,252.90. Following the sale, the chief executive officer now owns 232,742 shares of the company’s stock, valued at $13,391,974.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary W. Bagley sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $56.34, for a total value of $281,700.00. Following the sale, the director now directly owns 59,151 shares in the company, valued at approximately $3,332,567.34. The disclosure for this sale can be found here. Insiders sold 75,800 shares of company stock worth $4,534,789 over the last three months. 12.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of H&E Equipment Services during the 4th quarter worth approximately $468,000. Vanguard Group Inc. boosted its stake in H&E Equipment Services by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,804,017 shares of the industrial products company’s stock valued at $199,026,000 after purchasing an additional 51,626 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in H&E Equipment Services by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,275 shares of the industrial products company’s stock valued at $1,009,000 after purchasing an additional 822 shares during the period. Legal & General Group Plc raised its holdings in H&E Equipment Services by 1.1% in the 4th quarter. Legal & General Group Plc now owns 31,108 shares of the industrial products company’s stock valued at $1,628,000 after acquiring an additional 330 shares in the last quarter. Finally, Barclays PLC raised its holdings in H&E Equipment Services by 117.0% in the 4th quarter. Barclays PLC now owns 61,434 shares of the industrial products company’s stock valued at $3,214,000 after acquiring an additional 33,122 shares in the last quarter. Institutional investors and hedge funds 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.