H&E Equipment Services Inc (NASDAQ: HEES) is -7.97% lower on its value in year-to-date trading and has touched a low of $38.06 and a high of $66.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HEES stock was last observed hovering at around $47.74 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $48.15, the stock is 4.40% and 2.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.86% at the moment leaves the stock -5.68% off its SMA200. HEES registered 5.73% gain for a year compared to 6-month loss of -16.20%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -1.29% gain in the last 1 month and extending the period to 3 months gives it a 1.65%, and is -0.82% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 2.90% over the month.
H&E Equipment Services Inc (HEES) has around 2765 employees, a market worth around $1.76B and $1.53B in sales. Current P/E ratio is 10.85 and Fwd P/E is 11.48. Profit margin for the company is 10.53%. Distance from 52-week low is 26.51% and -27.24% from its 52-week high. The company has generated returns on investments over the last 12 months (6.97%).
The EPS is expected to shrink by -23.59% this year.
H&E Equipment Services Inc (HEES) Top Institutional Holders
298.0 institutions hold shares in H&E Equipment Services Inc (HEES), with institutional investors hold 88.60% of the company’s shares. The shares outstanding are 36.45M, and float is at 31.93M with Short Float at 3.13%. Institutions hold 77.45% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.82 million shares valued at $168.62 million. The investor’s holdings represent 10.5469% of the HEES Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.83 million shares valued at $$125.05 million to account for 7.8217 of the shares outstanding. The other top investors are CLEARBRIDGE INVESTMENTS, LLC which holds 2.27 million shares representing 6.2742% and valued at over $100.31 million, while MACQUARIE GROUP LTD holds 6.1178 of the shares totaling 2.21 million with a market value of $97.81 million.
H&E Equipment Services Inc (HEES) Insider Activity
The most recent transaction is an insider sale by Barber Bradley W,the company’sCEO. SEC filings show that Barber Bradley W sold 12,425 shares of the company’s common stock on Mar 26 ’24 at a price of $63.44 per share for a total of $0.79 million. Following the sale, the insider now owns 0.2 million shares.
H&E Equipment Services Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Barber Bradley W (CEO) sold a total of 11,483 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $63.42 per share for $0.73 million. Following the transaction, the insider now directly holds 0.21 million shares of the HEES stock.
Still, SEC filings show that on Mar 25 ’24, Barber Bradley W (CEO) disposed off 1,092 shares at an average price of $63.42 for $69255.0. The insider now directly holds 209,078 shares of H&E Equipment Services Inc (HEES).
