Bradley W. Barber Sells 11,483 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) Stock

H&E Equipment Services, Inc. (NASDAQ:HEES) CEO Bradley W. Barber sold 11,483 shares of the firm’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 transaction of $728,251.86. Following the completion of the transaction, the chief executive officer now owns 210,170 shares in the company, valued at approximately $13,328,981.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock opened at $64.62 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $2.36 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.87 and a beta of 1.94. The business has a fifty day simple moving average of $55.93 and a two-hundred day simple moving average of $49.13. H&E Equipment Services, Inc. has a 12 month low of $32.33 and a 12 month high of $64.67.

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

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, February 22nd. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

Hedge Funds Weigh In On H&E Equipment Services

Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of H&E Equipment Services by 232.2% in the 3rd 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 during the last quarter. Alberta Investment Management Corp increased its holdings in H&E Equipment Services by 24.0% in the 2nd quarter. Alberta Investment Management Corp now owns 78,003 shares of the industrial products company’s stock worth $3,569,000 after buying an additional 15,107 shares in the last quarter. UBS Group AG increased its holdings in H&E Equipment Services by 20.3% in the 3rd quarter. UBS Group AG now owns 168,859 shares of the industrial products company’s stock worth $7,293,000 after buying an additional 28,484 shares in the last quarter. Deutsche Bank AG increased its holdings in H&E Equipment Services by 6.6% in the 3rd quarter. Deutsche Bank AG now owns 241,060 shares of the industrial products company’s stock worth $10,411,000 after buying an additional 14,921 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in H&E Equipment Services by 1,537.9% in the 3rd quarter. Lazard Asset Management LLC now owns 20,850 shares of the industrial products company’s stock worth $900,000 after buying an additional 19,577 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

HEES has been the topic of several recent analyst reports. Stifel Nicolaus raised their target price on shares of H&E Equipment Services from $59.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Finally, Wells Fargo & Company raised their target price on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” 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.