H&E Equipment Services Inc. (NASDAQ:HEES) declared a quarterly dividend on Thursday, November 10th. Investors of record on Monday, November 21st will be given a dividend of 0.275 per share on Friday, December 9th. This represents a $1.10 annualized dividend and a yield of 7.25%.

H&E Equipment Services (NASDAQ:HEES) opened at 15.18 on Friday. The company has a market capitalization of $533.59 million, a price-to-earnings ratio of 14.74 and a beta of 2.33. H&E Equipment Services has a 52-week low of $10.12 and a 52-week high of $20.83. The company’s 50-day moving average price is $15.29 and its 200 day moving average price is $17.41.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. H&E Equipment Services had a return on equity of 26.28% and a net margin of 3.65%. The business had revenue of $244.70 million for the quarter, compared to the consensus estimate of $257.16 million. During the same period in the previous year, the business earned $0.42 earnings per share. The business’s revenue was down 11.6% on a year-over-year basis. On average, equities analysts expect that H&E Equipment Services will post $0.97 EPS for the current fiscal year.

Dividend History for H&E Equipment Services (NASDAQ:HEES)

In other news, Director Paul Arnold bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were bought at an average cost of $12.82 per share, for a total transaction of $64,100.00. Following the completion of the transaction, the director now owns 53,078 shares of the company’s stock, valued at $680,459.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Engquist bought 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was purchased at an average price of $13.74 per share, for a total transaction of $467,160.00. Following the completion of the transaction, the chief executive officer now directly owns 2,806,158 shares of the company’s stock, valued at approximately $38,556,610.92. The disclosure for this purchase can be found here. 12.00% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. A.R.T. Advisors LLC increased its stake in shares of H&E Equipment Services by 90.5% in the second quarter. A.R.T. Advisors LLC now owns 37,260 shares of the company’s stock worth $709,000 after buying an additional 17,700 shares during the period. Guggenheim Capital LLC increased its stake in shares of H&E Equipment Services by 74.8% in the second quarter. Guggenheim Capital LLC now owns 27,557 shares of the company’s stock worth $525,000 after buying an additional 11,790 shares during the period. Menta Capital LLC increased its stake in shares of H&E Equipment Services by 103.1% in the second quarter. Menta Capital LLC now owns 23,150 shares of the company’s stock worth $441,000 after buying an additional 11,750 shares during the period. State Street Corp increased its stake in shares of H&E Equipment Services by 4.0% in the second quarter. State Street Corp now owns 561,066 shares of the company’s stock worth $10,677,000 after buying an additional 21,563 shares during the period. Finally, Piermont Capital Management Inc. increased its stake in shares of H&E Equipment Services by 95.2% in the second quarter. Piermont Capital Management Inc. now owns 50,724 shares of the company’s stock worth $965,000 after buying an additional 24,734 shares during the period. Institutional investors own 73.90% of the company’s stock.

Separately, Zacks Investment Research upgraded H&E Equipment Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th.

About H&E Equipment Services

H&E Equipment Services, Inc is an integrated equipment services company. The Company rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

5 Day Chart for NASDAQ:HEES

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