H&E Equipment Services, Inc. (HEES) Declares $0.28 Quarterly Dividend

H&E Equipment Services, Inc. (NASDAQ:HEES) announced a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Wednesday, February 20th will be paid a dividend of 0.275 per share by the industrial products company on Friday, March 8th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Tuesday, February 19th.

H&E Equipment Services has increased its dividend payment by an average of 1.6% annually over the last three years. H&E Equipment Services has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect H&E Equipment Services to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 50.5%.

Shares of NASDAQ HEES traded up $0.68 during trading on Monday, reaching $26.86. The stock had a trading volume of 198,473 shares, compared to its average volume of 242,778. H&E Equipment Services has a one year low of $18.12 and a one year high of $44.24. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 3.93. The company has a market capitalization of $931.84 million, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.83 and a beta of 2.75.

In related news, Director Bruce Bruckmann bought 22,500 shares of the business’s stock in a transaction dated Friday, December 21st. The shares were bought at an average cost of $19.56 per share, with a total value of $440,100.00. Following the completion of the transaction, the director now directly owns 767,740 shares of the company’s stock, valued at $15,016,994.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Arnold bought 10,000 shares of the business’s stock in a transaction dated Tuesday, December 18th. The shares were bought at an average cost of $20.07 per share, for a total transaction of $200,700.00. Following the completion of the transaction, the director now directly owns 68,204 shares of the company’s stock, valued at $1,368,854.28. The disclosure for this purchase can be found here. Corporate insiders own 11.70% of the company’s stock.

A number of brokerages have issued reports on HEES. BidaskClub lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded H&E Equipment Services from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a research report on Tuesday, February 5th. ValuEngine upgraded H&E Equipment Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, UBS Group set a $28.00 price objective on H&E Equipment Services and gave the company a “hold” rating in a report on Monday, November 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $36.50.

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About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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

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