John Mcdowell Engquist Sells 15,000 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) Stock

H&E Equipment Services, Inc. (NASDAQ:HEES – Get Rating) COO John Mcdowell Engquist sold 15,000 shares of H&E Equipment Services stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $55.73, for a total transaction of $835,950.00. Following the completion of the transaction, the chief operating officer now owns 48,943 shares of the company’s stock, valued at $2,727,593.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

H&E Equipment Services Stock Down 0.7 %

HEES opened at $54.93 on Thursday. The company has a fifty day moving average price of $50.05 and a 200-day moving average price of $41.09. The firm has a market capitalization of $2.00 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.39 and a beta of 2.05. The company has a debt-to-equity ratio of 3.10, a current ratio of 2.10 and a quick ratio of 1.58. H&E Equipment Services, Inc. has a one year low of $26.12 and a one year high of $56.47.

H&E Equipment Services (NASDAQ:HEES – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. H&E Equipment Services had a net margin of 10.62% and a return on equity of 38.23%. The company had revenue of $353.12 million during the quarter, compared to the consensus estimate of $339.32 million. During the same period in the previous year, the firm posted $0.59 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. Equities research analysts expect that H&E Equipment Services, Inc. will post 3.99 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, February 23rd. H&E Equipment Services’s dividend payout ratio is currently 30.30%.

Analysts Set New Price Targets

HEES has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of H&E Equipment Services from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Stifel Nicolaus lifted their price objective on shares of H&E Equipment Services from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, December 19th. Finally, B. Riley boosted their price target on shares of H&E Equipment Services from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, H&E Equipment Services has a consensus rating of “Buy” and a consensus price target of $58.00.

Institutional Trading of H&E Equipment Services

A number of hedge funds have recently made changes to their positions in HEES. Financial Management Professionals Inc. bought a new stake in shares of H&E Equipment Services during the 4th quarter worth $31,000. Point72 Hong Kong Ltd bought a new stake in shares of H&E Equipment Services during the 2nd quarter worth $48,000. Eagle Bay Advisors LLC bought a new stake in shares of H&E Equipment Services during the 2nd quarter worth $51,000. PNC Financial Services Group Inc. lifted its holdings in shares of H&E Equipment Services by 23.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 325 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in H&E Equipment Services in the second quarter worth $102,000. 75.12% of the stock is owned by institutional investors.

H&E Equipment Services Company Profile

(Get Rating)

H&E Equipment Services, Inc engages in the provision of equipment services which focused on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment rents construction and industrial equipment.