H&E Equipment Services Inc (NASDAQ: HEES) is 81.27% higher on its value in year-to-date trading and has touched a low of $40.92 and a high of $90.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HEES stock was last observed hovering at around $89.00 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $88.75, the stock is 62.52% and 56.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing -0.28% at the moment leaves the stock 73.08% off its SMA200. HEES registered 85.01% gain for a year compared to 6-month gain of 67.36%. The firm has a 50-day simple moving average (SMA 50) of $56.5556 and a 200-day simple moving average (SMA200) of $51.2768.
The stock witnessed a 58.79% loss in the last 1 month and extending the period to 3 months gives it a 74.91%, and is 94.76% up 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 1.78% over the week and 3.15% over the month.
H&E Equipment Services Inc (HEES) has around 2765 employees, a market worth around $3.25B and $1.52B in sales. Current P/E ratio is 22.50 and Fwd P/E is 23.78. Profit margin for the company is 9.47%. Distance from 52-week low is 116.86% and -2.11% from its 52-week high. The company has generated returns on investments over the last 12 months (6.10%).
with sales reaching $373.85M over the same period.The EPS is expected to shrink by -28.73% this year, but quarterly earnings will post 2.53% year-over-year. Quarterly sales are estimated to shrink -3.10% in year-over-year returns.
307.0 institutions hold shares in H&E Equipment Services Inc (HEES), with institutional investors hold 91.91% of the company’s shares. The shares outstanding are 36.61M, and float is at 32.02M with Short Float at 4.14%. Institutions hold 80.38% 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’s CEO. 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).
