A secret that hides H&E Equipment Services Inc.’s strength (NASDAQ:HEES)

Stocks of H&E Equipment Services Inc. (NASDAQ:HEES) traded higher last session on Wall Street, down -4.84% to $44.79.

According to the data, H&E Equipment Services Inc. (NASDAQ:HEES) has 5 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $60.00, we find $62.50. Given the previous closing price of $47.07, this indicates a potential upside of 32.78 percent. HEES stock price is now -10.67% away from the 50-day moving average and 16.47% away from the 200-day moving average. The market capitalization of the company currently stands at $1.78B.

A total of 0 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $67.33 as their price target over the next twelve months.

With the price target of $53, B. Riley Securities recently initiated with Buy rating for H&E Equipment Services Inc. (NASDAQ: HEES). On March 11, 2022, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $55, while ‘UBS’ rates the stock as ‘Buy’.

In other news, Engquist John McDowell, President & COO sold 15,000 shares of the company’s stock on Mar 07. The stock was sold for $835,950 at an average price of $55.73. Upon completion of the transaction, the President & COO now directly owns 48,943 shares in the company, valued at $2.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, Director Bagley Gary W sold 10,000 shares of the business’s stock. A total of $543,100 was realized by selling the stock at an average price of $54.31. This leaves the insider owning 62,384 shares of the company worth $2.79 million. Insiders disposed of 81,027 shares of company stock worth roughly $3.63 million over the past 1 year. A total of 7.90% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in HEES stock. A new stake in H&E Equipment Services Inc. shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $14,700,000. REDWOOD INVESTMENTS, LLC invested $5,787,000 in shares of HEES during the first quarter. In the first quarter, CLARIVEST ASSET MANAGEMENT LLC acquired a new stake in H&E Equipment Services Inc. valued at approximately $2,667,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in HEES for approximately $1,918,000. JACKSON CREEK INVESTMENT ADVISORS LLC purchased a new stake in HEES valued at around $1,223,000 in the second quarter. In total, there are 251 active investors with 78.40% ownership of the company’s stock.

Wednesday’s opening bell rang with an opening price of $45.57 for H&E Equipment Services Inc. (NASDAQ: HEES). During the past 12 months, H&E Equipment Services Inc. has had a low of $26.12 and a high of $56.47. The fifty day moving average price for HEES is $50.13 and a two-hundred day moving average price translates $38.50 for the stock.

The latest earnings results from H&E Equipment Services Inc. (NASDAQ: HEES) was released for Sep, 2022. According to the Rental & Leasing Services Company, earnings per share came in at $1.05, beating analysts’ expectations of $0.82 by 0.23. This compares to $0.86 EPS in the same period last year. The net profit margin was 10.60% and return on equity was 37.80% for HEES. The company reported revenue of $353.12 million for the quarter, compared to $281.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.55 percent. For the current quarter, analysts expect HEES to generate $339.31M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/10/2023. Investors who held shares on 02/24/2023 were paid a $0.275 dividend. On an annualized basis, this represents a $1.10 dividend and a 2.46% percent yield. There was an ex-dividend date of 02/23/2023 for this dividend. In terms of dividend payout ratio, HEES is presently at 29.70%.

H&E Equipment Services Inc.(HEES) Company Profile

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, 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 through a fleet of approximately 42,725 pieces of equipment. The Used Equipment Sales segment sells used equipment through retail sales force primarily from its rental fleet, as well as inventoried equipment that are acquired through trade-ins from equipment customers. The New Equipment Sales segment sells new construction equipment through a professional in-house retail sales force. The Parts Sales segment sells parts for the equipment customers, as well as offers for its rental fleet. The Repair and Maintenance Services segment serves its rental fleet and equipment owned customers, as well as offers ongoing preventative maintenance services to industrial customers. It also provides ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company’s rental fleet consists of hi-lift or aerial work platforms, cranes, earthmoving and material handling equipment, and others. It serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. As of December 31, 2021, the company had a network of 102 service facilities in the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions of the United States. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.