Insider Buying: H&E Equipment Services, Inc. (NASDAQ:HEES) CEO Buys 5,000 Shares of Stock

H&E Equipment Services, Inc. (NASDAQ:HEESGet Rating) CEO Bradley W. Barber acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was acquired at an average price of $34.95 per share, with a total value of $174,750.00. Following the completion of the transaction, the chief executive officer now directly owns 166,786 shares of the company’s stock, valued at $5,829,170.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of HEES traded down $0.98 during trading hours on Monday, hitting $34.75. 136,147 shares of the stock were exchanged, compared to its average volume of 218,930. The company has a debt-to-equity ratio of 3.99, a quick ratio of 2.61 and a current ratio of 3.10. H&E Equipment Services, Inc. has a 12-month low of $28.28 and a 12-month high of $50.69. The firm has a market capitalization of $1.26 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 0.36 and a beta of 2.09. The stock has a 50-day moving average price of $40.47.

H&E Equipment Services (NASDAQ:HEESGet Rating) last issued its earnings results on Wednesday, April 27th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.14. The company had revenue of $272.45 million during the quarter, compared to analysts’ expectations of $261.91 million. H&E Equipment Services had a return on equity of 28.18% and a net margin of 10.02%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. On average, equities analysts forecast that H&E Equipment Services, Inc. will post 2.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Tuesday, March 1st were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, February 28th. H&E Equipment Services’s payout ratio is currently 35.03%.

A number of large investors have recently modified their holdings of the business. Knights of Columbus Asset Advisors LLC grew its holdings in H&E Equipment Services by 0.4% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 75,671 shares of the industrial products company’s stock valued at $2,627,000 after buying an additional 283 shares in the last quarter. Principal Financial Group Inc. grew its holdings in H&E Equipment Services by 6.8% in the 1st quarter. Principal Financial Group Inc. now owns 5,841 shares of the industrial products company’s stock valued at $254,000 after buying an additional 372 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of H&E Equipment Services by 1.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 21,300 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 400 shares during the last quarter. Saltoro Capital LP lifted its stake in shares of H&E Equipment Services by 2.4% in the 4th quarter. Saltoro Capital LP now owns 19,613 shares of the industrial products company’s stock valued at $868,000 after purchasing an additional 461 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of H&E Equipment Services by 7.4% in the 1st quarter. Teacher Retirement System of Texas now owns 6,736 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 462 shares during the last quarter. Institutional investors own 83.91% of the company’s stock.

A number of analysts have recently commented on HEES shares. UBS Group upgraded H&E Equipment Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $48.00 in a research report on Tuesday, March 8th. Zacks Investment Research cut H&E Equipment Services from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, April 27th. Wells Fargo & Company started coverage on H&E Equipment Services in a research report on Friday, March 11th. They set an “overweight” rating and a $55.00 price target for the company. Finally, StockNews.com started coverage on H&E Equipment Services in a research report on Thursday, March 31st. They set a “buy” rating for the company.

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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