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 business’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 value of $728,251.86. Following the completion of the transaction, the chief executive officer now directly owns 210,170 shares in the company, valued at $13,328,981.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock opened at $64.62 on Thursday. The firm has a fifty day moving average of $55.93 and a two-hundred day moving average of $49.13. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.87 and a beta of 1.94. H&E Equipment Services, Inc. has a 52 week low of $32.33 and a 52 week high of $64.67. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.74 and a current ratio of 1.05.

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

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.275 per share. 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 23.55%.

Institutional Investors Weigh In On H&E Equipment Services

Several large investors have recently made changes to their positions in the stock. Americana Partners LLC increased its position in shares of H&E Equipment Services by 4.3% during the fourth quarter. Americana Partners LLC now owns 4,988 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 205 shares in the last quarter. Legal & General Group Plc increased its position in shares of H&E Equipment Services by 0.8% during the fourth quarter. Legal & General Group Plc now owns 29,451 shares of the industrial products company’s stock worth $1,337,000 after acquiring an additional 247 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of H&E Equipment Services by 1.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 21,141 shares of the industrial products company’s stock worth $600,000 after acquiring an additional 251 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of H&E Equipment Services by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 67,610 shares of the industrial products company’s stock worth $3,069,000 after acquiring an additional 275 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of H&E Equipment Services by 23.4% during the fourth 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 in the last quarter. Institutional investors own 84.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com raised H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Wells Fargo & Company upped their price objective on H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus upped their price objective on H&E Equipment Services from $59.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, February 23rd.

H&E Equipment Services Company Profile

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.