H&E Equipment Services Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 32.23
Dividend & Yield1.10$ (2.69%)
Beta 2.11
Market capitalization 1.46B
Operating cash flow 268.71M
ESG Scores unknown

Company description

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 through a fleet of approximately 42,725 pieces of equipment. The Used Equipment Sales segment sells used equipment through retail sales force primarily 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 in-house retail 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 serves its rental fleet and equipment owned 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 hi-lift or aerial work platforms, cranes, earthmoving and material handling equipment, and others. It serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. As of December 31, 2021, the company had a network of 102 service facilities in the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions of the United States. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.

Sector: Industrials - Industry: Rental & Leasing Services

Financial Ratios
Quick Ratio2.94
Working Capital0.24
Return On Equity0.34
Debt To Equity4.13
Fixed Asset Ratio0.01
Fixed Interest Cover2.33

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 6.99M -43.36M 31.04M 11.21M
Total Cashflows From Investing Activities -526.24M -325.9M 21.09M -170.97M
Net Borrowings 170.55M 45.89M 82.88M -194k
Total Cash From Financing Activities 129.83M 4.25M -10.47M -42.18M
Change To Operating Activities 3.36M -2.47M -41.04M -14.52M
Issuance Of Stock
Net Income 76.62M 87.21M -32.67M 102.54M
Change In Cash -149.2M -2.43M 296.63M 46.41M
Effect Of Exchange Rate
Total Cash From Operating Activities 247.21M 319.22M 286.02M 259.57M
Depreciation 27.91M 32.72M 33.51M 31.44M
Change To Account Receivables -17.76M 9.22M 9.33M 2.87M
Other Cashflows From Financing Activities -97k -559k -52.35M -135k
Change To Netincome -11.7M 10.26M 60.04M -51.06M
Capital Expenditures -339.47M -225.21M 6.57M -318.8M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 104.66M 91.92M -59.82M 81.72M
Net Income 76.62M 87.21M -32.67M 102.54M
Selling General Administrative 275M 282.87M 261.73M 286.01M
Gross Profit 438.53M 442.82M 357.06M 415.36M
Ebit 160.24M 155.84M 91.17M 125.23M
Operating Income 160.24M 155.84M 91.17M 125.23M
Interest Expense -63.71M -68.28M -61.79M -53.76M
Income Tax Expense 28.04M 22.73M -13.43M 21.16M
Total Revenue 1.24B 1.12B 1.01B 1.06B
Cost Of Revenue 800.43M 680.94M 649.91M 647.43M
Total Other Income ExpenseNet -55.57M -63.92M -150.99M -43.51M
Net Income From Continuing Ops 76.62M 69.19M -46.4M 60.56M
Net Income Applicable To Common Shares 76.62M 87.21M -32.67M 102.54M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.47B 1.67B 1.74B 1.78B
Total Stockholder Equity 256.8M 307.52M 238.23M 303.38M
Other Current Liabilities 132k 171k 24M 128k
Total Assets 1.73B 1.97B 1.98B 2.08B
Common Stock 396k 398k 401k 403k
Other Current Assets 121.45M
Retained Earnings 88.33M 136.06M 63.81M 126.64M
Treasury Stock -63.1M -64.78M -66.19M -68.29M
Cash 16.68M 14.25M 310.88M 357.3M
Total Current Liabilities 160M 125.61M 150.84M 182.46M
Other Stockholder Equity
Property, Plant, and Equipment 115.12M 287.5M 261.78M 263.5M
Total Current Assets 333.34M 302.19M 635.02M 610.9M
Net Tangible Assets 122.58M 143.13M 146.13M 215.25M
Net Receivables 201.56M 192.2M 150.5M 157.23M
Accounts Payable 101.84M 58.85M 75.26M 95.6M


Insider Transactions

Here are the insider transactions of stock shares related to H&E Equipment Services Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BAGLEY GARY WSale at price 40.11 - 41.41 per share.D2022-11-10Director15k
BAGLEY GARY WSale at price 35.00 per share.D2022-08-12Director10k
MAGEE LESLIE SStock Award(Grant) at price 0.00 per share.D2022-08-01Chief Financial Officer18.66k
BARBER BRADLEY WStock Award(Grant) at price 0.00 per share.D2022-08-01Chief Executive Officer44.91k
ENGQUIST JOHN MARTINDALEStock Award(Grant) at price 0.00 per share.D2022-08-01Officer and Director31.24k
ENGQUIST JOHN MCDOWELLStock Award(Grant) at price 0.00 per share.D2022-08-01President14.07k
ARNOLD PAUL NPurchase at price 30.58 per share.D2022-06-13Director5k
BAGLEY GARY WSale at price 36.07 - 36.17 per share.D2022-06-02Director10k
BAGLEY GARY WSale at price 35.05 - 36.25 per share.D2022-05-27Director15k
BARBER BRADLEY WPurchase at price 33.75 per share.D2022-05-11Chief Executive Officer5k
BARBER BRADLEY WPurchase at price 34.95 per share.D2022-05-09Chief Executive Officer5k
BARBER BRADLEY WPurchase at price 34.19 per share.D2022-05-02Chief Executive Officer20.04k
BAGLEY GARY WSale at price 43.53 per share.D2022-03-21Director12.5k
BAGLEY GARY WSale at price 41.73 per share.D2022-03-09Director11.01k
BAGLEY GARY WSale at price 42.35 per share.D2022-03-08Director1.49k
MAGEE LESLIE SStock Award(Grant) at price 38.39 per share.D2022-03-07Chief Financial Officer3.6k
BARBER BRADLEY WStock Award(Grant) at price 38.39 per share.D2022-03-07Chief Executive Officer6.7k
ENGQUIST JOHN MARTINDALEStock Award(Grant) at price 38.39 per share.D2022-03-07Officer and Director7.74k
ENGQUIST JOHN MCDOWELLStock Award(Grant) at price 38.39 per share.D2022-03-07President1.95k
KARLSON LAWRENCE CStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
BRUCKMANN BRUCE CStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
ARNOLD PAUL NStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
EDSELL PATRICK LStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
GALLIGAN THOMAS J IIIStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
THOMPSON MARY PATRICIA BStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
BAGLEY GARY WStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
SAWYER JOHN TStock Award(Grant) at price 41.63 per share.D2022-02-01Director1.92k
EDSELL PATRICK LSale at price 46.70 per share.I2021-11-04Director100
MAGEE LESLIE SStock Award(Grant) at price 0.00 per share.D2021-08-02Chief Financial Officer8.58k
BARBER BRADLEY WStock Award(Grant) at price 0.00 per share.D2021-08-02Chief Executive Officer15.8k
ENGQUIST JOHN MARTINDALEStock Award(Grant) at price 0.00 per share.D2021-08-02Officer and Director14k
ENGQUIST JOHN MCDOWELLStock Award(Grant) at price 0.00 per share.D2021-08-02President5.97k
MAGEE LESLIE SStock Award(Grant) at price 34.54 per share.D2021-03-08Chief Financial Officer5.47k
BARBER BRADLEY WStock Award(Grant) at price 34.54 per share.D2021-03-08Chief Executive Officer8.9k
ENGQUIST JOHN MARTINDALEStock Award(Grant) at price 34.54 per share.D2021-03-08President3.05k
ENGQUIST JOHN MARTINDALEStock Award(Grant) at price 34.54 per share.D2021-03-08Officer and Director14.38k
ENGQUIST JOHN MCDOWELLStock Award(Grant) at price 34.54 per share.D2021-03-08President3.05k
KARLSON LAWRENCE CStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
BRUCKMANN BRUCE CStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
ARNOLD PAUL NStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
EDSELL PATRICK LStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
EDSELL PATRICK LStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
GALLIGAN THOMAS J IIIStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
THOMPSON MARY PATRICIA BStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
BAGLEY GARY WStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
SAWYER JOHN TStock Award(Grant) at price 27.48 per share.D2021-02-01Director2.91k
ENGQUIST JOHN MARTINDALEStock Gift at price 0.00 per share.D2020-12-30Officer and Director200k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to H&E Equipment Services Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on H&E Equipment Services Inc

Here is the result of two systematic investment strategies applied to H&E Equipment Services Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on H&E Equipment Services Inc

The following chart shows the equity curve of the two systematic investment strategies applied to H&E Equipment Services Inc:

H&E Equipment Services Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 95.81% on the backtest period.

Performance at glance

Performance

95.81 %

Latent gain

1682.14 $

Invested capital

1755.68 $

Annualized return

23.37 %
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Momentum strategy results on H&E Equipment Services Inc

This is the result of two momentum investment strategies applied to H&E Equipment Services Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on H&E Equipment Services Inc

The following chart shows all the entries opened by the momentum investment system on H&E Equipment Services Inc:

H&E Equipment Services Inc momentum entries
  • The first momentum investment strategy would give 93.21% of return on H&E Equipment Services Inc. That represents 3971.14$ of latent gain with 4260.26$ of employed capital.
  • The second momentum investment strategy would give 77.16% of return on H&E Equipment Services Inc. That represents 2488.47$ of latent gain with 3225.09$ of employed capital.
Performance at glance (1Q Momentum)

Performance

93.21 %

Latent gain

3971.14 $

Invested capital

4260.26 $

Annualized return

24.26 %
Performance at glance (2Q Momentum)

Performance

77.16 %

Latent gain

2488.47 $

Invested capital

3225.09 $

Annualized return

21.31 %

Momentum equity curve on H&E Equipment Services Inc

The following chart shows the equity curve of the two momentum strategies applied to H&E Equipment Services Inc:

H&E Equipment Services Inc momentum equity

Note: the dividends potentially given by H&E Equipment Services Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on H&E Equipment Services Inc

The following chart shows the employed capital evolution of the two momentum strategies on H&E Equipment Services Inc since the beginning:

H&E Equipment Services Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on H&E Equipment Services Inc

Buy the dip entry openings on H&E Equipment Services Inc

H&E Equipment Services Inc

The performance achieved by the robo-advisor on H&E Equipment Services Inc is 50.94%. That represents 506.57$ of latent gain with 994.45$ of employed capital. The following chart shows H&E Equipment Services Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of H&E Equipment Services Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

50.94 %

Latent gain

506.57 $

Invested capital

994.45 $

Annualized return

24.26 %

Equity curve of the strategy applied to H&E Equipment Services Inc

The following chart shows the result of the investment strategy applied to H&E Equipment Services Inc:

H&E Equipment Services Inc

Note: the dividends potentially given by H&E Equipment Services Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on H&E Equipment Services Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on H&E Equipment Services Inc:

H&E Equipment Services Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on H&E Equipment Services Inc

In this section, I will compare the three previous investment strategies applied to H&E Equipment Services Inc.

Equity curve comparison on H&E Equipment Services Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

H&E Equipment Services Inc investment strategy comparison

Employed capital comparison on H&E Equipment Services Inc

H&E Equipment Services Inc investment comparison

Performance comparison on H&E Equipment Services Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 95.81% 1682.14$ 1755.68$ 23.37%
Momentum 1 quarter 93.21% 3971.14$ 4260.26$ 24.15%
Momentum 2 quarters 77.16% 2488.47$ 3225.09$ 21.31%
Non-directional 50.94% 506.57$ 994.45$ 24.26%
Annualized return comparison

Automatic investment

23.37 %

Momentum 1Q

21.31 %

Momentum 2Q

21.31 %

Non-directional

24.26 %

Correlated stocks

Here are the most positively and negatively correlated stocks with H&E Equipment Services Inc:

Positive correlations

Most correlated stocks this year

  • H&E Equipment Services Inc

  • Most correlated stocks last 3 months

  • Stanley Black & Decker Inc - Unit
  • Forrester Research Inc
  • First Bancorp Inc (ME)
  • WYNNSTAY GROUP PLC ORD 25P
  • L.B. Foster Co. - Class A
  • Diamond Hill Investment Group Inc - Class A
  • Resolute Forest Products Inc
  • Universal Insurance Holdings Inc
  • Tupperware Brands Corporation
  • WestRock Company
  • Standard Motor Products Inc
  • Arrow Financial Corp
  • Luther Burbank Corp
  • Insteel Industries Inc
  • Matthews International Corp - Class A
  • Stanley Black & Decker Inc
  • First Foundation Inc
  • Verizon Communications Inc
  • Freeport-McMoRan Inc
  • Crocs Inc
  • Oppenheimer Holdings Inc - Class A
  • Topgolf Callaway Brands Corp
  • Core Laboratories N.V.
  • Global X SuperDividend ETF
  • Universal Stainless & Alloy Products Inc
  • Snap-on Inc
  • INVESCO INTERNATIONAL BUYBACK ACHIEVERS ETF
  • UMH Properties Inc
  • IShares MSCI Emerging Markets ex China ETF
  • Capri Holdings Ltd
  • Hasbro Inc
  • iShares MSCI Ireland ETF
  • Franklin Electric Co. Inc
  • Universal Corp
  • Curtiss-Wright Corp
  • WEIR GROUP PLC ORD 12.5P
  • Lincoln Electric Holdings Inc
  • Autoliv Inc
  • LyondellBasell Industries NV - Class A
  • Emerson Electric Company
  • JELD-WEN Holding Inc
  • Encore Wire Corp
  • DXP Enterprises Inc
  • First Bancorp PR
  • Forward Air Corp
  • Mosaic Company
  • Mueller Industries Inc
  • Invesco S&P SmallCap Materials ETF
  • Invesco S&P 500 Equal Weight Materials ETF
  • Invesco S&P SmallCap 600 Pure Value ETF
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  • ITT Inc
  • Robert Half International Inc
  • Avient Corp
  • Whirlpool Corp
  • J.B. Hunt Transport Services Inc
  • MACOM Technology Solutions Holdings Inc
  • Paccar Inc
  • TE Connectivity Ltd
  • Donaldson Co. Inc
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  • Sensient Technologies Corp
  • Sierra Bancorp
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  • O-I Glass Inc
  • Ingevity Corp
  • Invesco S&P SmallCap Information Technology ETF
  • Kaman Corp
  • PPG Industries Inc
  • Flowserve Corp
  • VICTORYSHARES INTERNATIONAL HIGH DIV VOLATILITY WT
  • First Trust RiverFront Dynamic Developed Internati
  • Vanguard International High Dividend Yield ETF
  • VICTORYSHARES INTERNATIONAL VOLATILITY WTD ETF
  • Schwab International Equity ETF
  • SPDR Portfolio Developed World ex-US ETF
  • Crane Holdings Company
  • AGCO Corp
  • Marriott International Inc - Class A
  • Sonoco Products Company
  • iShares Trust iShares ESG Aware MSCI EAFE ETF
  • Vishay Precision Group Inc
  • Barrett Business Services Inc
  • Summit Materials Inc - Class A
  • Clearfield Inc
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  • American Vanguard Corp
  • Trimas Corporation
  • Innospec Inc
  • Myers Industries Inc
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  • Miller Industries Inc
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  • Shinhan Financial Group Co. Ltd
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  • Rush Enterprises Inc - Class A
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  • H.B. Fuller Company
  • CRH Plc
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  • Rigel Pharmaceuticals
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  • Liberty TripAdvisor Holdings Inc - Series A
  • Almaden Minerals Ltd
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  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between H&E Equipment Services Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of H&E Equipment Services Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name H&E Equipment Services Inc
    Country United States
    City Baton Rouge
    Address 7500 Pecue Lane
    Phone 225 298 5200
    Website www.he-equipment.com
    FullTime employees 2157
    Industry Rental & Leasing Services
    Sector Industrials
    Exchange XNAS
    Ticker HEES
    Market www.nasdaq.com

    H&E Equipment Services Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown