H&E Equipment Services, Inc. (NASDAQ:HEES) CEO Bradley W. Barber Sells 1,092 Shares

H&E Equipment Services, Inc. (NASDAQ:HEES) CEO Bradley W. Barber sold 1,092 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $63.42, for a total transaction of $69,254.64. Following the completion of the sale, the chief executive officer now owns 209,078 shares of the company’s stock, valued at $13,259,726.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

H&E Equipment Services Trading Up 2.5 %

Shares of HEES stock opened at $64.62 on Thursday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 0.88 and a beta of 1.94. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 2.33. H&E Equipment Services, Inc. has a fifty-two week low of $32.33 and a fifty-two week high of $64.67. The firm’s 50 day moving average price is $55.93 and its two-hundred day moving average price is $49.13.

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

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.275 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 1.70%. H&E Equipment Services’s dividend payout ratio (DPR) is 23.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its position in shares of H&E Equipment Services by 232.2% during the third quarter. GSA Capital Partners LLP now owns 27,303 shares of the industrial products company’s stock worth $1,179,000 after purchasing an additional 19,084 shares in the last quarter. Alberta Investment Management Corp lifted its position in shares of H&E Equipment Services by 24.0% during the second quarter. Alberta Investment Management Corp now owns 78,003 shares of the industrial products company’s stock worth $3,569,000 after purchasing an additional 15,107 shares in the last quarter. UBS Group AG lifted its position in shares of H&E Equipment Services by 20.3% during the third quarter. UBS Group AG now owns 168,859 shares of the industrial products company’s stock worth $7,293,000 after purchasing an additional 28,484 shares in the last quarter. Deutsche Bank AG lifted its position in shares of H&E Equipment Services by 6.6% during the third quarter. Deutsche Bank AG now owns 241,060 shares of the industrial products company’s stock worth $10,411,000 after purchasing an additional 14,921 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of H&E Equipment Services by 1,537.9% during the third quarter. Lazard Asset Management LLC now owns 20,850 shares of the industrial products company’s stock worth $900,000 after purchasing an additional 19,577 shares in the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About H&E Equipment Services

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.