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

H&E Equipment Services, Inc. (NASDAQ:HEES)’s share price hit a new 52-week low 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 brokerages have weighed in on HEES. Macquarie set a $25.00 price objective on H&E Equipment Services and gave the company a “hold” rating in a report on Friday, October 26th. BidaskClub cut H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Finally, UBS Group set a $28.00 price target on H&E Equipment Services and gave the stock a “hold” rating in a report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.80.

The company has a quick ratio of 0.52, a current ratio of 0.81 and a debt-to-equity ratio of 3.93. The firm has a market capitalization of $698.25 million, a P/E ratio of 5.64, a price-to-earnings-growth 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 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). H&E Equipment Services had a return on equity of 35.00% and a net margin of 11.58%. The business had revenue of $322.14 million for the quarter, compared to analyst estimates of $301.40 million. On average, equities research analysts anticipate that H&E Equipment Services, Inc. will post 2 earnings per share for the current year.

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

In other H&E Equipment Services news, Director Paul Arnold purchased 10,000 shares of the stock in a transaction dated Monday, October 29th. The stock was bought at an average price of $20.50 per share, with a total value of $205,000.00. Following the acquisition, the director now owns 58,204 shares of the company’s stock, valued at $1,193,182. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.70% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of HEES. Bank of Montreal Can bought a new stake in H&E Equipment Services during the 2nd quarter worth $265,000. Cornerstone Wealth Management LLC bought a new stake in H&E Equipment Services during the 2nd quarter worth $309,000. First Trust Advisors LP bought a new stake in H&E Equipment Services during the 2nd quarter worth $3,048,000. CIBC Private Wealth Group LLC bought a new stake in H&E Equipment Services during the 2nd quarter worth $2,019,000. Finally, KBC Group NV grew its position in H&E Equipment Services by 369.7% during the 2nd quarter. KBC Group NV now owns 63,622 shares of the industrial products company’s stock worth $2,393,000 after acquiring an additional 50,076 shares during the last quarter. Institutional investors and hedge funds 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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