The Vanguard Group, Inc. has recently announced that it has increased stake in H&E Equipment Services Inc. (NASDAQ:HEES) by 2.16%. After grabbing 3.24 million shares, the institutional investor is now in possession of 68498.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 8.91% having worth around $135.72 million. Moreover, ClearBridge Investments LLC increased its share by 9932.0 to have a control over 2.54 million shares. And American Century Investment Manag raised its holdings to 42076.0 shares by acquiring 1.33 million shares or 3.67% of the stake.
H&E Equipment Services Inc. (HEES) concluded trading on 01/12/23 at a closing price of $48.07, with 0.36 million shares of worth about $17.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 80.44% during that period and on Thursday the price saw a gain of about 0.23%. Currently the company’s common shares owned by public are about 36.46M shares, out of which, 31.72M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the HEES stock and their offered price forecasts bring an average price target of $59.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $83.00 and could fall to a lowest price of $48.00. The stock’s current price level is 18.29% above of average price target set by the analysts, while a rise to estimated low would result in loss of -0.15% for the stock. However, touching the estimated high of $83.00 would mean a gain of 42.08% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 179,295 shares in 20 of the transactions. In 23 selling transactions, insiders dumped 102,465 shares.
ClearBridge Small Cap Growth Fund, Janus Henderson Small Cap Value F, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in H&E Equipment Services Inc. ClearBridge Small Cap Growth Fund is currently holding 1.63 million shares of worth totaling $68.19 million. The company recently came selling 27488.0 shares which brought its stake up to 4.48% of the company’s outstanding shares. Janus Henderson Small Cap Value F sold 2490.0 shares, after which its hold over company’s outstanding shares shrunk to 2.71%, leaving 0.98 million shares with the mutual fund that have a worth of about $41.19 million. Vanguard Total Stock Market Index, after buying 0.92 million shares, have now control over 2.52% of the stake in the company. It holds 0.0 shares of worth $38.37 million.
H&E Equipment Services Inc. (NASDAQ: HEES) started trading at $48.04, above $0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 48.77, or with a gain of 0.23%. Stock saw a price change of 4.73% in past 5 days and over the past one month there was a price change of 5.51%. Year-to-date (YTD), HEES shares are showing a performance of 5.88% which increased to 9.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.12 but also hit the highest price of $49.24 during that period. The average intraday trading volume for H&E Equipment Services Inc. shares is 214.91K. The stock is currently trading 5.30% above its 20-day simple moving average (SMA20), while that difference is up 11.48% for SMA50 and it goes to 34.72% higher than SMA200.
The Vanguard Group, Inc. acquired 3.24 million shares of H&E Equipment Services Inc. having value of about $135.72 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 68498.0 shares in the company valued at close to $3292698.86, or have control over 2.16% stake in the company. H&E Equipment Services Inc. (NASDAQ: HEES) currently have 36.46M outstanding shares and institutions hold larger chunk of about 78.40% of that. Holding of mutual funds in the company is about 29.10% while other institutional holders and individual stake holders have control over 47.40% and 21.53% of the stake respectively.
The stock has a current market capitalization of $1.67B and its 3Y-monthly beta is at 2.06. PE ratio of stock for trailing 12 months is 16.85, while it has posted earnings per share of $2.85 in the same period. Its PEG reads 0.54 while making debt-to-equity ratio of 3.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HEES, volatility over the week remained 3.27% while standing at 3.18% over the month.
Analysts are in expectations that H&E Equipment Services Inc. (HEES) stock would likely to be making an EPS of $0.83 in the current quarter, while forecast for next quarter EPS is $0.65 and it is $3.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.64 which is $0.99 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.58 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 229.20% while it is estimated to increase by 23.91% in next year. EPS is likely to grow at an annualized rate of 31.40% for next 5-years, compared to annual growth of 9.70% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the H&E Equipment Services Inc. (HEES)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 5 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on December 13, 2022 offering a Buy rating for the stock and assigned a target price of $53 to it. Coverage by Wells Fargo stated H&E Equipment Services Inc. (HEES) stock as an Overweight in their note to investors on March 11, 2022, suggesting a price target of $55 for the stock. On March 08, 2022, UBS Upgrade their recommendations, while on November 20, 2020, BofA Securities Upgrade their ratings for the stock with a price target of $35. Stock get an Underperform rating from BofA/Merrill on April 13, 2020.