According to Zacks, “H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States. The Company is focused on heavy construction & industrial equipment and rents, sells & provides parts & service support for four core categories of specialized equipment they are hi-lift or aerial platform equipment, cranes, earthmoving equipment & industrial lift trucks. By providing equipment rental, sales, & on-site parts, repair & maintenance functions under one roof, the Company is a one-stop provider for its customers’ varied equipment needs. This full service approach provides the Company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal & provides cross-selling opportunities among its new & used equipment sales, rental, parts sales & service operations. “
Shares of H&E Equipment Services (NASDAQ:HEES) opened at 16.47 on Wednesday. H&E Equipment Services has a 1-year low of $10.12 and a 1-year high of $21.48. The stock’s 50 day moving average is $16.08 and its 200 day moving average is $17.94. The company has a market cap of $578.85 million, a P/E ratio of 14.72 and a beta of 2.43.
H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, July 28th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The firm earned $242.10 million during the quarter, compared to analysts’ expectations of $255.46 million. H&E Equipment Services had a net margin of 3.83% and a return on equity of 28.49%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. On average, analysts predict that H&E Equipment Services will post $1.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 22nd were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.68%. The ex-dividend date was Thursday, August 18th. H&E Equipment Services’s dividend payout ratio (DPR) is 97.35%.
In related news, Director John Sawyer acquired 2,000 shares of H&E Equipment Services stock in a transaction that occurred on Friday, September 9th. The stock was purchased at an average price of $15.50 per share, for a total transaction of $31,000.00. Following the completion of the purchase, the director now directly owns 20,550 shares of the company’s stock, valued at $318,525. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 12.00% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in HEES. Menta Capital LLC acquired a new position in shares of H&E Equipment Services during the first quarter worth about $200,000. Wellington Management Group LLP boosted its position in shares of H&E Equipment Services by 3.9% in the first quarter. Wellington Management Group LLP now owns 667,344 shares of the company’s stock worth $11,699,000 after buying an additional 25,169 shares during the last quarter. SECOR Capital Advisors LP acquired a new position in shares of H&E Equipment Services during the second quarter worth about $604,000. WESPAC Advisors LLC acquired a new position in shares of H&E Equipment Services during the second quarter worth about $476,000. Finally, Acadian Asset Management LLC boosted its position in shares of H&E Equipment Services by 1.4% in the first quarter. Acadian Asset Management LLC now owns 75,380 shares of the company’s stock worth $1,322,000 after buying an additional 1,071 shares during the last quarter. Hedge funds and other institutional investors own 74.37% of the company’s stock.
About H&E Equipment Services
H&E Equipment Services, Inc is an integrated equipment services company. The Company rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.
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