H&E Equipment Services (NASDAQ:HEES) PT Lowered to $65.00

H&E Equipment Services (NASDAQ:HEES) had its price target lowered by Stifel Nicolaus from $69.00 to $65.00 in a report issued on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts have also issued reports on HEES. Wells Fargo & Company raised their price target on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an overweight rating in a research note on Friday, February 23rd. StockNews.com upgraded H&E Equipment Services from a hold rating to a buy rating in a research note on Wednesday, February 21st.

H&E Equipment Services Stock Down 7.2 %

HEES stock opened at $44.79 on Wednesday. H&E Equipment Services has a 1-year low of $32.33 and a 1-year high of $66.18. The stock has a market cap of $1.64 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.67 and a beta of 1.98. The stock’s fifty day simple moving average is $59.30 and its two-hundred day simple moving average is $52.20. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). H&E Equipment Services had a return on equity of 35.38% and a net margin of 11.17%. The company had revenue of $371.20 million during the quarter, compared to analysts’ expectations of $352.52 million. During the same period last year, the firm posted $0.71 earnings per share. H&E Equipment Services’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts expect that H&E Equipment Services will post 5.02 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.46%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

Insider Buying and Selling

In other H&E Equipment Services news, CEO Bradley W. Barber sold 1,092 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $63.42, for a total value of $69,254.64. Following the completion of the transaction, the chief executive officer now directly owns 209,078 shares of the company’s stock, valued at approximately $13,259,726.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Bradley W. Barber sold 1,092 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $63.42, for a total value of $69,254.64. Following the transaction, the chief executive officer now owns 209,078 shares of the company’s stock, valued at approximately $13,259,726.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary W. Bagley sold 5,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $56.34, for a total transaction of $281,700.00. Following the completion of the transaction, the director now owns 59,151 shares of the company’s stock, valued at $3,332,567.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,800 shares of company stock valued at $4,534,789. Company insiders own 12.50% of the company’s stock.

Institutional Trading of H&E Equipment Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC bought a new stake in shares of H&E Equipment Services in the 1st quarter worth approximately $217,000. Principal Financial Group Inc. bought a new stake in H&E Equipment Services in the first quarter worth $278,000. Busey Bank purchased a new stake in H&E Equipment Services during the first quarter valued at about $206,000. Denali Advisors LLC bought a new position in shares of H&E Equipment Services during the first quarter valued at about $321,000. Finally, Diversified Trust Co increased its holdings in shares of H&E Equipment Services by 31.6% in the first quarter. Diversified Trust Co now owns 9,524 shares of the industrial products company’s stock worth $611,000 after buying an additional 2,288 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

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.