H&E Equipment Services (NASDAQ:HEES) Trading Down 5.4%

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) were down 5.4% on Friday . The company traded as low as $42.51 and last traded at $42.61. Approximately 43,663 shares were traded during trading, a decline of 83% from the average daily volume of 250,068 shares. The stock had previously closed at $45.04.

Analyst Ratings Changes

A number of research analysts recently weighed in on HEES shares. UBS Group reduced their price objective on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, May 24th. StockNews.com lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Stifel Nicolaus reduced their price objective on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price objective on H&E Equipment Services from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

H&E Equipment Services Trading Down 4.6 %

The firm has a market cap of $1.57 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.66 and a beta of 1.93. The stock has a fifty day simple moving average of $51.33 and a 200 day simple moving average of $53.08. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.62 and a current ratio of 0.85.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The firm had revenue of $371.20 million during the quarter, compared to analysts’ expectations of $352.52 million. H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. On average, research analysts expect that H&E Equipment Services, Inc. will post 4.08 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.10 dividend on an annualized basis and a yield of 2.56%. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

Insider Buying and Selling at H&E Equipment Services

In other news, Director Lawrence C. Karlson sold 8,225 shares of H&E Equipment Services stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $60.98, for a total value of $501,560.50. Following the sale, the director now directly owns 47,172 shares of the company’s stock, valued at $2,876,548.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other H&E Equipment Services news, Director Lawrence C. Karlson sold 8,225 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $60.98, for a total transaction of $501,560.50. Following the sale, the director now directly owns 47,172 shares of the company’s stock, valued at $2,876,548.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley W. Barber sold 11,483 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $63.42, for a total value of $728,251.86. Following the sale, the chief executive officer now directly owns 210,170 shares in the company, valued at $13,328,981.40. The disclosure for this sale can be found here. Insiders have sold a total of 43,900 shares of company stock valued at $2,697,310 over the last ninety days. 12.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fidelis Capital Partners LLC purchased a new position in shares of H&E Equipment Services during the first quarter valued at approximately $62,000. SG Americas Securities LLC purchased a new stake in shares of H&E Equipment Services in the first quarter valued at approximately $170,000. Penn Mutual Asset Management LLC purchased a new stake in shares of H&E Equipment Services in the third quarter valued at approximately $201,000. Wellington Shields Capital Management LLC purchased a new stake in shares of H&E Equipment Services in the first quarter valued at approximately $205,000. Finally, Busey Bank purchased a new stake in shares of H&E Equipment Services in the first quarter valued at approximately $206,000. Hedge funds and other institutional investors 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.