H&E Equipment Services, Inc. (NASDAQ:HEES – Get Rating) declared a quarterly dividend on Friday, November 11th, Zacks reports. Stockholders of record on Monday, November 28th will be paid a dividend of 0.275 per share by the industrial products company on Friday, December 9th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, November 25th.
H&E Equipment Services has a payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect H&E Equipment Services to earn $3.74 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 29.4%.
H&E Equipment Services Trading Up 2.7 %
Shares of NASDAQ HEES opened at $42.60 on Wednesday. H&E Equipment Services has a 1-year low of $26.12 and a 1-year high of $48.06. The business has a fifty day moving average price of $33.73 and a 200 day moving average price of $32.82. The stock has a market capitalization of $1.55 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.40 and a beta of 2.12. The company has a debt-to-equity ratio of 3.47, a current ratio of 2.45 and a quick ratio of 1.94.
Wall Street Analyst Weigh In
Insider Transactions at H&E Equipment Services
In other H&E Equipment Services news, Director Gary W. Bagley sold 6,958 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $40.11, for a total transaction of $279,085.38. Following the sale, the director now owns 78,559 shares of the company’s stock, valued at approximately $3,151,001.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 12.50% of the company’s stock.
Institutional Trading of H&E Equipment Services
Large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its holdings in shares of H&E Equipment Services by 201.3% during the first quarter. Guggenheim Capital LLC now owns 247,550 shares of the industrial products company’s stock worth $10,773,000 after purchasing an additional 165,397 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of H&E Equipment Services by 105.6% in the 3rd quarter. Nuveen Asset Management LLC now owns 188,828 shares of the industrial products company’s stock valued at $5,352,000 after buying an additional 96,974 shares during the period. Vanguard Group Inc. boosted its stake in shares of H&E Equipment Services by 3.1% in the first quarter. Vanguard Group Inc. now owns 3,142,831 shares of the industrial products company’s stock worth $136,776,000 after buying an additional 95,195 shares during the last quarter. Renaissance Technologies LLC grew its holdings in H&E Equipment Services by 576.8% during the second quarter. Renaissance Technologies LLC now owns 95,432 shares of the industrial products company’s stock worth $2,765,000 after acquiring an additional 81,332 shares during the period. Finally, BlackRock Inc. raised its position in H&E Equipment Services by 2.2% during the third quarter. BlackRock Inc. now owns 2,551,339 shares of the industrial products company’s stock valued at $72,305,000 after acquiring an additional 55,281 shares in the last quarter. Hedge funds and other institutional investors own 76.39% of the company’s stock.
H&E Equipment Services 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.
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