H&E Equipment Services, Inc. (NASDAQ:HEES) to Issue Quarterly Dividend of $0.28

H&E Equipment Services, Inc. (NASDAQ:HEESGet Rating) declared a quarterly dividend on Friday, May 13th, RTT News reports. Stockholders of record on Friday, May 27th will be paid a dividend of 0.275 per share by the industrial products company on Friday, June 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.27%.

H&E Equipment Services has a dividend payout ratio of 31.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect H&E Equipment Services to earn $3.56 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 30.9%.

Shares of NASDAQ:HEES opened at $33.63 on Friday. H&E Equipment Services has a 1 year low of $28.28 and a 1 year high of $50.69. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 0.35 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’s 50 day moving average price is $39.92 and its 200-day moving average price is $42.12.

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

In related news, Director Gary W. Bagley sold 11,007 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $41.73, for a total transaction of $459,322.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley W. Barber acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average cost of $33.75 per share, with a total value of $168,750.00. Following the completion of the transaction, the chief executive officer now directly owns 171,786 shares in the company, valued at approximately $5,797,777.50. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 30,042 shares of company stock worth $1,028,736. Insiders own 11.80% of the company’s stock.

Several large investors have recently modified their holdings of HEES. BNP Paribas Arbitrage SA increased its position in shares of H&E Equipment Services by 449.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,488 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 5,308 shares during the last quarter. LPL Financial LLC acquired a new position in H&E Equipment Services in the 3rd quarter valued at about $248,000. Amalgamated Bank acquired a new position in H&E Equipment Services in the 4th quarter valued at about $251,000. Citigroup Inc. grew its position in H&E Equipment Services by 41.9% in the 4th quarter. Citigroup Inc. now owns 14,856 shares of the industrial products company’s stock valued at $657,000 after acquiring an additional 4,387 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in H&E Equipment Services by 37.8% in the 1st quarter. MetLife Investment Management LLC now owns 16,721 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 4,587 shares in the last quarter. 83.91% of the stock is owned by hedge funds and other institutional investors.

HEES has been the topic of a number of research reports. UBS Group upgraded H&E Equipment Services from a “neutral” rating to a “buy” rating and raised their price objective for the company from $45.00 to $48.00 in a report on Tuesday, March 8th. Zacks Investment Research lowered H&E Equipment Services from a “strong-buy” rating to a “sell” rating in a report on Wednesday, April 27th. Wells Fargo & Company began coverage on H&E Equipment Services in a report on Friday, March 11th. They issued an “overweight” rating and a $55.00 price objective on the stock. Finally, StockNews.com began coverage on H&E Equipment Services in a report on Thursday, March 31st. They set a “buy” rating on the stock.

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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Dividend History for H&E Equipment Services (NASDAQ:HEES)

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