H&E Equipment Services Inc (NASDAQ: HEES) is 85.72% higher on its value in year-to-date trading and has touched a low of $40.92 and a high of $101.28 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 $91.98 in the last trading session, with the day’s loss setting it -1.05%.
Currently trading at $90.93, the stock is -3.47% and -2.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -1.14% at the moment leaves the stock 43.36% off its SMA200. HEES registered 44.15% gain for a year compared to 6-month gain of 74.70%. The firm has a 50-day simple moving average (SMA 50) of $93.3512 and a 200-day simple moving average (SMA200) of $63.426.
The stock witnessed a -2.17% loss in the last 1 month and extending the period to 3 months gives it a 106.99%, and is -2.31% 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 3.10% over the week and 1.66% over the month.
H&E Equipment Services Inc (HEES) has around 2800 employees, a market worth around $3.33B and $1.52B in sales. Current P/E ratio is 26.99 and Fwd P/E is 22.94. Profit margin for the company is 8.11%. Distance from 52-week low is 122.19% and -10.22% from its 52-week high. The company has generated returns on investments over the last 12 months (5.83%).
The EPS is expected to grow by 11.07% this year.
H&E Equipment Services Inc (HEES) Top Institutional Holders
284.0 institutions hold shares in H&E Equipment Services Inc (HEES), with institutional investors hold 97.84% of the company’s shares. The shares outstanding are 36.60M, and float is at 31.94M with Short Float at 6.01%. Institutions hold 85.36% 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 7.8105 of the shares outstanding. The other top investors are CLEARBRIDGE INVESTMENTS, LLC which holds 2.27 million shares representing 6.2652% and valued at over $100.31 million, while MACQUARIE GROUP LTD holds 6.109 of the shares totaling 2.21 million with a market value of $97.81 million.
H&E Equipment Services Inc (HEES) Insider Activity
#####
