H&E Equipment Services Director Sells $555,000 in Stock (HEES)
H&E Equipment Services (NASDAQ:HEES) Director Paul Arnold unloaded 15,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $37.00, for a total value of $555,000.00. Following the transaction, the director now directly owns 13,700 shares in the company, valued at approximately $506,900. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of H&E Equipment Services (NASDAQ:HEES) traded up 3.08% on Friday, hitting $38.20. 468,060 shares of the company’s stock traded hands. H&E Equipment Services has a 52 week low of $21.90 and a 52 week high of $41.51. The stock’s 50-day moving average is $36.89 and its 200-day moving average is $35.68. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 25.16.
H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $280.40 million for the quarter, compared to the consensus estimate of $266.10 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that H&E Equipment Services will post $1.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors of record on Monday, August 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, August 21st.
A number of analysts have recently weighed in on HEES shares. Analysts at Zacks upgraded shares of H&E Equipment Services from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $38.40 price target on the stock. Separately, analysts at Avondale Partners initiated coverage on shares of H&E Equipment Services in a research note on Tuesday, July 15th. They set an “outperform” rating on the stock. Finally, analysts at KeyCorp upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $44.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.80.
H&E Equipment Services, Inc is an integrated equipment services companies in the United States focused on heavy construction and industrial equipment.
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