H&E Equipment Services, Inc. (NASDAQ:HEES) Director Paul Arnold sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $40.86, for a total value of $408,600.00. Following the completion of the transaction, the director now directly owns 48,204 shares in the company, valued at $1,969,615.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of H&E Equipment Services, Inc. (NASDAQ HEES) opened at $39.85 on Friday. H&E Equipment Services, Inc. has a 1-year low of $17.44 and a 1-year high of $44.24. The company has a debt-to-equity ratio of 4.36, a current ratio of 2.38 and a quick ratio of 1.96. The company has a market cap of $1,490.88, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.49 and a beta of 2.52.

How to Become a New Pot Stock Millionaire

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.42 by $0.35. H&E Equipment Services had a net margin of 10.65% and a return on equity of 43.81%. The company had revenue of $294.67 million for the quarter, compared to analyst estimates of $258.80 million. equities research analysts anticipate that H&E Equipment Services, Inc. will post 1.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Tuesday, February 27th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.76%. The ex-dividend date was Monday, February 26th. H&E Equipment Services’s payout ratio is 35.83%.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in H&E Equipment Services by 6.0% in the fourth quarter. BlackRock Inc. now owns 2,116,893 shares of the industrial products company’s stock valued at $86,052,000 after purchasing an additional 119,301 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in H&E Equipment Services by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,979,548 shares of the industrial products company’s stock valued at $80,469,000 after purchasing an additional 114,533 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in H&E Equipment Services by 342.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 958,034 shares of the industrial products company’s stock valued at $38,944,000 after purchasing an additional 741,588 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in H&E Equipment Services by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 700,746 shares of the industrial products company’s stock valued at $20,939,000 after purchasing an additional 32,916 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in H&E Equipment Services by 60.1% in the third quarter. Systematic Financial Management LP now owns 679,285 shares of the industrial products company’s stock valued at $19,835,000 after purchasing an additional 254,985 shares during the last quarter. 75.89% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on HEES. ValuEngine raised H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Bank of America set a $45.00 target price on H&E Equipment Services and gave the company a “buy” rating in a research report on Monday, February 26th. UBS reissued a “sell” rating and issued a $18.00 target price (up from $17.00) on shares of H&E Equipment Services in a research report on Friday, February 23rd. Finally, Stifel Nicolaus began coverage on H&E Equipment Services in a research report on Thursday, February 15th. They issued a “buy” rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company. H&E Equipment Services presently has an average rating of “Buy” and an average price target of $36.00.

COPYRIGHT VIOLATION WARNING: “Paul Arnold Sells 10,000 Shares of H&E Equipment Services, Inc. (HEES) Stock” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/paul-arnold-sells-10000-shares-of-he-equipment-services-inc-hees-stock/1959435.html.

About H&E Equipment Services

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

Insider Buying and Selling by Quarter for H&E Equipment Services (NASDAQ:HEES)

Receive News & Ratings for H&E Equipment Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&E Equipment Services and related companies with MarketBeat.com's FREE daily email newsletter.