Should I buy or sell H&E Equipment Services stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for H&E Equipment Services in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HEES shares. View HEES analyst ratings or view top-rated stocks .

What is H&E Equipment Services' stock price target for 2024?

3 brokerages have issued 1-year price objectives for H&E Equipment Services' shares. Their HEES share price targets range from $61.00 to $64.00. On average, they expect the company's share price to reach $62.33 in the next year. This suggests a possible upside of 33.2% from the stock's current price. View analysts price targets for HEES or view top-rated stocks among Wall Street analysts .

How have HEES shares performed in 2023?

H&E Equipment Services' stock was trading at $45.40 at the beginning of 2023. Since then, HEES shares have increased by 3.1% and is now trading at $46.79. View the best growth stocks for 2023 here .

Are investors shorting H&E Equipment Services?

H&E Equipment Services saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 510,500 shares, an increase of 5.1% from the October 31st total of 485,800 shares. Based on an average trading volume of 224,800 shares, the short-interest ratio is presently 2.3 days. Approximately 1.6% of the shares of the company are sold short. View H&E Equipment Services' Short Interest .

When is H&E Equipment Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our HEES earnings forecast .

How were H&E Equipment Services' earnings last quarter?

H&E Equipment Services, Inc. (NASDAQ:HEES) released its quarterly earnings data on Thursday, October, 26th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The industrial products company earned $400.70 million during the quarter, compared to analyst estimates of $370.61 million. H&E Equipment Services had a trailing twelve-month return on equity of 38.97% and a net margin of 11.62%.

How often does H&E Equipment Services pay dividends? What is the dividend yield for H&E Equipment Services?

H&E Equipment Services announced a quarterly dividend on Thursday, November 9th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.275 per share on Friday, December 15th. This represents a $1.10 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, November 27th. Read our dividend analysis for HEES .

Is H&E Equipment Services a good dividend stock?

H&E Equipment Services (NASDAQ:HEES) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.35%. The dividend payout ratio is 23.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HEES will have a dividend payout ratio of 22.96% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HEES .

What ETFs hold H&E Equipment Services' stock?

ETFs with the largest weight of H&E Equipment Services (NASDAQ:HEES) stock in their portfolio include Invesco Dorsey Wright Industrials Momentum ETF (PRN) . iShares U.S. Infrastructure ETF (IFRA) .

What is John M. Engquist's approval rating as H&E Equipment Services' CEO?

52 employees have rated H&E Equipment Services Chief Executive Officer John M. Engquist on Glassdoor.com . John M. Engquist has an approval rating of 73% among the company's employees.

What other stocks do shareholders of H&E Equipment Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other H&E Equipment Services investors own include Energy Transfer (ET) , Ford Motor (F) , AT&T (T) , Pfizer (PFE) , CBL & Associates Properties (CBL) , AbbVie (ABBV) , Broadcom (AVGO) , The Carlyle Group (CG) , Cornerstone Total Return Fund (CRF) and Martin Midstream Partners (MMLP) .

Who are H&E Equipment Services' major shareholders?

H&E Equipment Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (7.02%), Invesco Ltd. (3.72%), American Century Companies Inc. (1.75%), Morgan Stanley (1.29%), Charles Schwab Investment Management Inc. (1.21%) and Northern Trust Corp (0.90%). Insiders that own company stock include Bradley W Barber, Gary W Bagley , John Mcdowell Engquist, Patrick Edsell and Paul Arnold. View institutional ownership trends .

How do I buy shares of H&E Equipment Services?

Shares of HEES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

H&E Equipment Services Stock Price, News & Analysis (NASDAQ:HEES)

$46.79

+2.48 (+5.60%)

(As of 12/1/2023 ET)

Compare

Today's Range: $44.25
▼
$47.08
50-Day Range: $39.16
▼
$47.04
52-Week Range: $32.33
▼
$56.47

Volume: 374,505 shs
Average Volume: 151,760 shs
Market Capitalization: $1.71 billion

P/E Ratio: 10.15
Dividend Yield: 2.35%
Price Target: $62.33

H&E Equipment Services MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 33.2% Upside
$62.33 Price Target
Short Interest: Healthy
1.60% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.22
Upright™ Environmental Score
News Sentiment: 0.30
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.44%
From $4.50 to $4.79 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.06 out of 5 stars

Industrial Products Sector

6th out of 167 stocks

Miscellaneous Equipment Rental & Leasing Industry

2nd out of 5 stocks

3.5

Analyst's Opinion

Consensus Rating
H&E Equipment Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $62.33, H&E Equipment Services has a forecasted upside of 33.2% from its current price of $46.79.
Amount of Analyst Coverage
H&E Equipment Services has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.60% of the float of H&E Equipment Services has been sold short.
Short Interest Ratio / Days to Cover
H&E Equipment Services has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in H&E Equipment Services has recently increased by 5.08%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
H&E Equipment Services pays a meaningful dividend of 2.35%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
H&E Equipment Services does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of H&E Equipment Services is 23.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, H&E Equipment Services will have a dividend payout ratio of 22.96% next year. This indicates that H&E Equipment Services will be able to sustain or increase its dividend.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
H&E Equipment Services has received a 41.00% net impact score from Upright. H&e Equipment Services seems to create the most significant positive value in categories "Taxes", "Jobs", and "Waste". The positive contribution in the "Waste" impact category is mostly driven by its "Motor grader rentals", "Backhoe loader rentals", and "Trencher rentals" products. See details.
Environmental Sustainability
The Environmental Impact score for H&E Equipment Services is -0.22.

2.4

News and Social Media Coverage

News Sentiment
H&E Equipment Services has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for H&E Equipment Services this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for HEES on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.
MarketBeat Follows
8 people have added H&E Equipment Services to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, H&E Equipment Services insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.60% of the stock of H&E Equipment Services is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
76.15% of the stock of H&E Equipment Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for H&E Equipment Services are expected to grow by 6.44% in the coming year, from $4.50 to $4.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of H&E Equipment Services is 10.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of H&E Equipment Services is 10.15, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.25.
Price to Earnings Growth Ratio
H&E Equipment Services has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
H&E Equipment Services has a P/B Ratio of 3.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About H&E Equipment Services Stock (NASDAQ:HEES)

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis. The Used Equipment Sales segment sells used equipment from its rental fleet, as well as inventoried equipment that are acquired through trade-ins from equipment customers. The New Equipment Sales segment sells new construction equipment through a professional sales force. The Parts Sales segment sells parts for the equipment customers, as well as offers for its rental fleet. The Repair and Maintenance Services segment provides maintenance and repair services to its rental fleet and equipment customers, as well as offers ongoing preventative maintenance services to industrial customers. It also provides ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company's rental fleet consists of aerial work platforms, cranes, earthmoving and material handling equipment, and other general and specialty lines. It serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.

HEES Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HEES Stock News Headlines

November 28, 2023 | americanbankingnews.com

H&E Equipment Services (NASDAQ:HEES) Upgraded to Buy by StockNews.com

November 24, 2023 | finance.yahoo.com

Zacks.com featured highlights include HNI, H&E Equipment Services, Perdoceo Education and Limbach Holdings

December 3, 2023 | Wealthpress (Ad)

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November 20, 2023 | finance.yahoo.com

Wall Street Analysts Think H&E Equipment (HEES) Could Surge 27.61%: Read This Before Placing a Bet

November 20, 2023 | finance.yahoo.com

Bet on These 4 Top-Ranked Stocks With Solid Net Profit Margin

November 14, 2023 | finance.yahoo.com

H&E Equipment Services (NASDAQ:HEES) Has Announced A Dividend Of $0.275

November 6, 2023 | finance.yahoo.com

Earnings Estimates Moving Higher for H&E Equipment (HEES): Time to Buy?

November 2, 2023 | finance.yahoo.com

Wall Street Analysts Believe H&E Equipment (HEES) Could Rally 47.1%: Here's is How to Trade

December 3, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 1, 2023 | finance.yahoo.com

H&E Equipment Services Expands Presence in Central and Southern California, Acquires Rental Assets of Giffin Equipment

October 30, 2023 | gurufocus.com

The H&E Equipment Services Inc (HEES) Company: A Short SWOT Analysis

October 27, 2023 | finance.yahoo.com

H&E Equipment Services, Inc. (NASDAQ:HEES) Q3 2023 Earnings Call Transcript

October 26, 2023 | finance.yahoo.com

H&E Equipment Services Inc (HEES) Reports Q3 2023 Earnings: Revenue and Net Income Rise

October 26, 2023 | finance.yahoo.com

H&E Equipment Services, Inc. Reports Third Quarter 2023 Results

October 25, 2023 | finance.yahoo.com

H&E Equipment Services' (NASDAQ:HEES) earnings growth rate lags the 19% CAGR delivered to shareholders

October 19, 2023 | finance.yahoo.com

H&E Equipment (HEES) Earnings Expected to Grow: Should You Buy?

October 19, 2023 | finance.yahoo.com

H&E Equipment Services Announces 2023 Third Quarter Earnings and Conference Call Date

October 13, 2023 | finance.yahoo.com

Wall Street Analysts See a 34.3% Upside in H&E Equipment (HEES): Can the Stock Really Move This High?

October 12, 2023 | seekingalpha.com

H&E Equipment Services' Aggressive Growth Plans Are Justified

October 11, 2023 | finance.yahoo.com

Why H&E Equipment Services, Inc. (NASDAQ:HEES) Could Be Worth Watching

September 27, 2023 | finance.yahoo.com

Should We Be Delighted With H&E Equipment Services, Inc.'s (NASDAQ:HEES) ROE Of 35%?

September 6, 2023 | finance.yahoo.com

Estimating The Fair Value Of H&E Equipment Services, Inc. (NASDAQ:HEES)

August 31, 2023 | finance.yahoo.com

H&E Equipment Services, Inc. To Participate In the TD Cowen Conference

August 17, 2023 | finance.yahoo.com

H&E Equipment Services (NASDAQ:HEES) Is Due To Pay A Dividend Of $0.275

August 13, 2023 | msn.com

H&E Equipment Services: Still Undervalued With The Potential To Provide Good Returns In The Short Term

August 11, 2023 | msn.com

H&E Equipment Services: Solid Earnings Growth, Attractive Valuation At This Level

August 2, 2023 | nasdaq.com

H&E Equipment Services (HEES) Price Target Increased by 5.37% to 63.95

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/29/2023
Dividend Payable: 9/15/2023
Last Earnings: 10/26/2023
Ex-Dividend for 12/15 Dividend: 11/27/2023
Today: 12/03/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous equipment rental & leasing
Sub-Industry: Trading Companies & Distributors
Sector: Industrial Products
Current Symbol: NASDAQ:HEES
CUSIP: 40403010
CIK: 1339605
Web: www.he-equipment.com
Phone: (225) 298-5200
Fax: 225-298-5308
Employees: 2,375
Year Founded: 1961

Price Target and Rating

Average Stock Price Target: $62.33
High Stock Price Target: $64.00
Low Stock Price Target: $61.00
Potential Upside/Downside: +33.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.61
Trailing P/E Ratio: 10.15
Forward P/E Ratio: 10.40
P/E Growth: 0.77
Net Income: $132.17 million
Net Margins: 11.62%
Pretax Margin: 15.73%
Return on Equity: 38.97%
Return on Assets: 6.94%

Debt

Debt-to-Equity Ratio: 2.84
Current Ratio: 1.85
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $1.24 billion
Price / Sales: 1.37
Cash Flow: $12.03 per share
Price / Cash Flow: 3.89
Book Value: $13.39 per share
Price / Book: 3.49

Miscellaneous

Outstanding Shares: 36,450,000
Free Float: 31,857,000
Market Cap: $1.71 billion
Optionable: Optionable
Beta: 1.94

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Key Executives

Mr. John Martindale Engquist (Age 69)
Executive Chairman
Comp: $2.77M
Mr. Bradley W. Barber (Age 50)
CEO & Director
Comp: $2.6M
Mr. John McDowell Engquist (Age 44)
President & COO
Comp: $1.24M
Ms. Leslie S. Magee (Age 55)
CFO & Secretary
Comp: $1.26M
Mr. Jeffrey L. Chastain
Vice President of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HEES Stock Analysis - Frequently Asked Questions

Should I buy or sell H&E Equipment Services stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for H&E Equipment Services in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HEES shares.
View HEES analyst ratings or view top-rated stocks.
What is H&E Equipment Services' stock price target for 2024?: 3 brokerages have issued 1-year price objectives for H&E Equipment Services' shares. Their HEES share price targets range from $61.00 to $64.00. On average, they expect the company's share price to reach $62.33 in the next year. This suggests a possible upside of 33.2% from the stock's current price.
View analysts price targets for HEES or view top-rated stocks among Wall Street analysts.
How have HEES shares performed in 2023?: H&E Equipment Services' stock was trading at $45.40 at the beginning of 2023. Since then, HEES shares have increased by 3.1% and is now trading at $46.79.
View the best growth stocks for 2023 here.
Are investors shorting H&E Equipment Services?: H&E Equipment Services saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 510,500 shares, an increase of 5.1% from the October 31st total of 485,800 shares. Based on an average trading volume of 224,800 shares, the short-interest ratio is presently 2.3 days. Approximately 1.6% of the shares of the company are sold short.
View H&E Equipment Services' Short Interest.
When is H&E Equipment Services' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our HEES earnings forecast.
How were H&E Equipment Services' earnings last quarter?: H&E Equipment Services, Inc. (NASDAQ:HEES) released its quarterly earnings data on Thursday, October, 26th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The industrial products company earned $400.70 million during the quarter, compared to analyst estimates of $370.61 million. H&E Equipment Services had a trailing twelve-month return on equity of 38.97% and a net margin of 11.62%.
How often does H&E Equipment Services pay dividends? What is the dividend yield for H&E Equipment Services?: H&E Equipment Services announced a quarterly dividend on Thursday, November 9th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.275 per share on Friday, December 15th. This represents a $1.10 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, November 27th.
Read our dividend analysis for HEES.

Is H&E Equipment Services a good dividend stock?: H&E Equipment Services (NASDAQ:HEES) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.35%. The dividend payout ratio is 23.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HEES will have a dividend payout ratio of 22.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HEES.
What ETFs hold H&E Equipment Services' stock?: ETFs with the largest weight of H&E Equipment Services (NASDAQ:HEES) stock in their portfolio include Invesco Dorsey Wright Industrials Momentum ETF (PRN).iShares U.S. Infrastructure ETF (IFRA).
What is John M. Engquist's approval rating as H&E Equipment Services' CEO?: 52 employees have rated H&E Equipment Services Chief Executive Officer John M. Engquist on Glassdoor.com. John M. Engquist has an approval rating of 73% among the company's employees.
What other stocks do shareholders of H&E Equipment Services own?: Based on aggregate information from My MarketBeat watchlists, some companies that other H&E Equipment Services investors own include Energy Transfer (ET), Ford Motor (F), AT&T (T), Pfizer (PFE), CBL & Associates Properties (CBL), AbbVie (ABBV), Broadcom (AVGO), The Carlyle Group (CG), Cornerstone Total Return Fund (CRF) and Martin Midstream Partners (MMLP).
Who are H&E Equipment Services' major shareholders?: H&E Equipment Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (7.02%), Invesco Ltd. (3.72%), American Century Companies Inc. (1.75%), Morgan Stanley (1.29%), Charles Schwab Investment Management Inc. (1.21%) and Northern Trust Corp (0.90%). Insiders that own company stock include Bradley W Barber, Gary W Bagley, John Mcdowell Engquist, Patrick Edsell and Paul Arnold.
View institutional ownership trends.
How do I buy shares of H&E Equipment Services?: Shares of HEES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:HEES) was last updated on 12/3/2023 by MarketBeat.com Staff

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