H&E Equipment Services (HEES) Hits New 1-Year Low at $19.39

H&E Equipment Services, Inc. (NASDAQ:HEES)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.39 and last traded at $19.43, with a volume of 13350 shares changing hands. The stock had previously closed at $20.31.

Several research firms recently issued reports on HEES. BidaskClub upgraded H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 29th. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, UBS Group set a $28.00 price target on H&E Equipment Services and gave the company a “hold” rating in a research note on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. H&E Equipment Services presently has an average rating of “Hold” and an average price target of $37.80.

The company has a debt-to-equity ratio of 3.93, a current ratio of 0.81 and a quick ratio of 0.52. The company has a market cap of $698.25 million, a price-to-earnings ratio of 5.64, a P/E/G ratio of 0.68 and a beta of 2.85.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). The company had revenue of $322.14 million during the quarter, compared to the consensus estimate of $301.40 million. H&E Equipment Services had a net margin of 11.58% and a return on equity of 35.00%. As a group, equities analysts forecast that H&E Equipment Services, Inc. will post 2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Monday, November 19th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $1.10 dividend on an annualized basis and a yield of 5.61%. H&E Equipment Services’s dividend payout ratio is 31.61%.

In related news, Director Paul Arnold purchased 10,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was purchased at an average cost of $20.50 per share, for a total transaction of $205,000.00. Following the completion of the purchase, the director now directly owns 58,204 shares in the company, valued at $1,193,182. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of HEES. Rhumbline Advisers boosted its stake in shares of H&E Equipment Services by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 33,172 shares of the industrial products company’s stock worth $1,248,000 after acquiring an additional 1,562 shares during the period. Nisa Investment Advisors LLC lifted its holdings in H&E Equipment Services by 12.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 22,030 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 2,500 shares during the last quarter. Alps Advisors Inc. lifted its holdings in H&E Equipment Services by 23.5% during the 3rd quarter. Alps Advisors Inc. now owns 13,530 shares of the industrial products company’s stock worth $511,000 after purchasing an additional 2,572 shares during the last quarter. Divergent Wealth Advisors LLC acquired a new stake in H&E Equipment Services during the 3rd quarter worth approximately $101,000. Finally, Strs Ohio lifted its holdings in H&E Equipment Services by 11.3% during the 2nd quarter. Strs Ohio now owns 26,500 shares of the industrial products company’s stock worth $996,000 after purchasing an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.

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About H&E Equipment Services (NASDAQ:HEES)

H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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