H&E Equipment Services, Inc. operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. The company offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis. As of December 31, 2018, its rental fleet consisted of 43,939 pieces of equipment. The company also sells new and used equipment, as well as parts; and provides maintenance and repair services for the customers' owned equipment. In addition, it offers ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. As of March 2, 2020, it had a network of 94 locations throughout 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.
IPO Year: 2006
Exchange: NASDAQ
Website: he-equipment.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | $60.00 → $92.00 | Buy → Neutral | UBS |
| 8/9/2024 | Sector Weight | KeyBanc Capital Markets | |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 12/13/2022 | $53.00 | Buy | B. Riley Securities |
| 3/11/2022 | $55.00 | Overweight | Wells Fargo |
| 3/8/2022 | $45.00 → $48.00 | Neutral → Buy | UBS |
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
4 - H&E Equipment Services, Inc. (0001339605) (Issuer)
Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company") announced today that it has extended its previously announced tender offer (the "Offer") to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E") common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the "Merger Agreement"). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on May 13, 2025, has been extended until one minute past 11:59 p.m. Eastern Tim
Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company") announced today that it has extended its previously announced tender offer (the "Offer") to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E") common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the "Merger Agreement"). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on April 29, 2025, has been extended until one minute past 11:59 p.m. Eastern T
BATON ROUGE, La., April 29, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today reported financial results for the first quarter ended March 31, 2025. In the seasonally softer first quarter, which included one less calendar day, demand from local markets remained weak. In addition to the challenging demand trend, merger announcements in the quarter created pressure on the performance of the business. These factors contributed to a 7.2% decline in first quarter equipment rental revenues compared to the first quarter in 2024. The Company's branch expansion strategy continued with only those openings that were already pla
Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company") announced today that it has extended its previously announced tender offer (the "Offer") to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E") common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the "Merger Agreement"). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on April 15, 2025, has been extended until one minute past 11:59 p.m. Eastern T
H&E Shareholders to Receive $78.75 in Cash and 0.1287 shares of Herc Common Stock Per H&E Share Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company"), one of North America's leading equipment rental suppliers, today announced that its wholly-owned subsidiary HR Merger Sub Inc. ("Merger Sub") has commenced the previously announced tender offer (the "Offer") to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E") common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest. The Offer is being made pursuant to the previously announced merger agreement, dated February 19, 2025, between Herc, Me
BATON ROUGE, La., Feb. 21, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted its agreement to be acquired by Herc Holdings Inc. (NYSE:HRI) announced earlier this week, which will bring together two companies with a combined 120 years of industry experience who are committed to customer service and excellence. FOURTH QUARTER 2024 SUMMARY WITH A COMPARISON TO FOURTH QUARTER 2023 Revenues decreased 0.4% to $384.1 million compared to $385.8 million.Net income totaled $32.8 million compared to $53.5 million. The effective i
Acquisition Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Transaction Terms Same as Proposal Previously Announced on February 18, 2025 H&E Terminates Agreement with United Rentals Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company"), one of North America's leading equipment rental suppliers, and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced that H&E has terminated its prior merger agreement with United Rentals, Inc. (NYSE:URI) and that Herc and H&E have entered into a definitive merger agreement under which Herc will acquire H&E. As previously announced on February 18, 2025, under
H&E Deems Herc's $104.89 Per Share Cash and Stock Proposal Superior to United Rentals Transaction Herc Proposal Provides Immediate, Significant Premium for H&E and Substantial Upside Value Creation Opportunity for Both Herc and H&E Shareholders Herc and H&E Combination Expected to Generate Approximately $300 Million of Run Rate EBITDA Opportunities Acquisition Substantially Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Expected to be High Single Digit Accretive to Herc's Cash EPS in 2026 and Ramping to Greater than 20% as Synergies are Fully Realized Expected to Generate ROIC in Excess of Cost of Capital Within Three Yea
BATON ROUGE, La., Feb. 18, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced that it has determined that a definitive offer from Herc Holdings Inc. (NYSE:HRI) ("Herc") to acquire all of the outstanding shares of H&E common stock for a combination of cash and Herc common stock constitutes a "Superior Proposal," as defined in the existing merger agreement (the "United Rentals Merger Agreement") with United Rentals, Inc. (NYSE:URI) ("United Rentals"). The Herc definitive offer, which expires at 12:01 p.m. Eastern Time on February 24, 2025, includes a fully negotiated merger agreement and the related financing commitments. The Herc d
BATON ROUGE, La., Feb. 07, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") announced that its Board of Directors declared a regular quarterly cash dividend on February 7, 2025, to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on February 24, 2025, for stockholders of record as of the close of business on February 18, 2025. About H&E Rentals Founded in 1961, H&E is one of the largest rental equipment companies in the nation. The Company's fleet is comprised of aerial work platforms, earthmoving, material handling, and other general and specialty li
H&E Equipment Services, Inc. (the "Company") (NASDAQ:HEES) announced effective March 13, 2023, Suzanne H. Wood has been appointed to the Company's Board of Directors (the "Board"). In connection with Ms. Wood's appointment, the size of the Board was expanded from ten to eleven directors. "Ms. Wood is highly qualified to serve as a director on the Board of the Company given her extensive experience in the construction and rental industries. She brings a wealth of industry knowledge to her role," says Executive Chairman and Director John Engquist. "We welcome Ms. Wood to our Board and look forward to her leadership and counsel." Ms. Wood, age 63, was Senior Vice President and Chief Financia
BATON ROUGE, La.--(BUSINESS WIRE)--H&E Equipment Services, Inc. (NASDAQ: HEES) today announced the appointment of John McDowell Engquist as President and Chief Operating Officer, effective January 1, 2021. Mr. Engquist will succeed current President, Bradley W. Barber, who has been President of the Company since November 2, 2012. Mr. Barber will continue in his role as a Director and the Chief Executive Officer of the Company. Mr. Engquist is the son of Mr. John Martindale Engquist, Executive Chairman of the Company. Mr. Barber commented, “John’s appointment as President and Chief Operating Officer recognizes his exemplary performance throughout his career with H&E. John’s operat
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UBS downgraded H&E Equipment from Buy to Neutral and set a new price target of $92.00 from $60.00 previously
KeyBanc Capital Markets initiated coverage of H&E Equipment with a rating of Sector Weight
Raymond James initiated coverage of H&E Equipment with a rating of Mkt Perform
B. Riley Securities initiated coverage of H&E Equipment with a rating of Buy and set a new price target of $53.00
Wells Fargo initiated coverage of H&E Equipment Servs with a rating of Overweight and set a new price target of $55.00
UBS upgraded H&E Equipment Servs from Neutral to Buy and set a new price target of $48.00 from $45.00 previously
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BATON ROUGE, La., April 29, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today reported financial results for the first quarter ended March 31, 2025. In the seasonally softer first quarter, which included one less calendar day, demand from local markets remained weak. In addition to the challenging demand trend, merger announcements in the quarter created pressure on the performance of the business. These factors contributed to a 7.2% decline in first quarter equipment rental revenues compared to the first quarter in 2024. The Company's branch expansion strategy continued with only those openings that were already pla
BATON ROUGE, La., Feb. 21, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted its agreement to be acquired by Herc Holdings Inc. (NYSE:HRI) announced earlier this week, which will bring together two companies with a combined 120 years of industry experience who are committed to customer service and excellence. FOURTH QUARTER 2024 SUMMARY WITH A COMPARISON TO FOURTH QUARTER 2023 Revenues decreased 0.4% to $384.1 million compared to $385.8 million.Net income totaled $32.8 million compared to $53.5 million. The effective i
Acquisition Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Transaction Terms Same as Proposal Previously Announced on February 18, 2025 H&E Terminates Agreement with United Rentals Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company"), one of North America's leading equipment rental suppliers, and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced that H&E has terminated its prior merger agreement with United Rentals, Inc. (NYSE:URI) and that Herc and H&E have entered into a definitive merger agreement under which Herc will acquire H&E. As previously announced on February 18, 2025, under
H&E Deems Herc's $104.89 Per Share Cash and Stock Proposal Superior to United Rentals Transaction Herc Proposal Provides Immediate, Significant Premium for H&E and Substantial Upside Value Creation Opportunity for Both Herc and H&E Shareholders Herc and H&E Combination Expected to Generate Approximately $300 Million of Run Rate EBITDA Opportunities Acquisition Substantially Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Expected to be High Single Digit Accretive to Herc's Cash EPS in 2026 and Ramping to Greater than 20% as Synergies are Fully Realized Expected to Generate ROIC in Excess of Cost of Capital Within Three Yea
BATON ROUGE, La., Feb. 07, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") announced that its Board of Directors declared a regular quarterly cash dividend on February 7, 2025, to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on February 24, 2025, for stockholders of record as of the close of business on February 18, 2025. About H&E Rentals Founded in 1961, H&E is one of the largest rental equipment companies in the nation. The Company's fleet is comprised of aerial work platforms, earthmoving, material handling, and other general and specialty li
$4.8 billion transaction will expand capacity in strategic U.S. markets and provides attractive risk-adjusted returns United Rentals, Inc. (NYSE:URI) ("United Rentals" or "the company") and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including approximately $1.4 billion of net debt. Founded in 1961, H&E provides its customers with a comprehensive mix of high-quality general rental fleet including aerial work platforms, earthmoving equipment, material handling equipment, a
BATON ROUGE, La., Nov. 15, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") announced that its Board of Directors declared a regular quarterly cash dividend on November 15, 2024, to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on December 13, 2024, for stockholders of record as of the close of business on November 29, 2024. About H&E Rentals Founded in 1961, H&E is one of the largest rental equipment companies in the nation. The Company's fleet is comprised of aerial work platforms, earthmoving, material handling, and other general and specialty
BATON ROUGE, La., Oct. 29, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today reported financial results for the third quarter ended September 30, 2024. The report includes the Company's branch expansion achievements, with the addition of eight new locations in the third quarter, expanding the Company's branch network to 157 locations across 32 states. THIRD QUARTER 2024 SUMMARY WITH A COMPARISON TO THIRD QUARTER 2023 Revenues declined 4.0% to $384.9 million compared to $400.7 million.Net income was $31.1 million compared to $48.9 million. The effective income tax rate was 28.3% compared to 26.1%.Adjusted EBITDA t
BATON ROUGE, La., Oct. 22, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced that it will release its 2024 third quarter financial results before the market on Tuesday, October 29, 2024. The Company will also hold a conference call to discuss third quarter results on Tuesday, October 29, 2024, at 10:00 a.m. (Eastern Time). To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 1:00 p.m. (Eastern Time) on October 29, 2024, and will continue through November 12, 2024, by dialing 877-344-7529 and entering t
BATON ROUGE, La., Aug. 13, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) announced that its Board of Directors declared a regular quarterly cash dividend on August 12, 2024, to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on September 13, 2024, for stockholders of record as of the close of business on August 28, 2024. About H&E Equipment Services, Inc. Founded in 1961, H&E Equipment Services, Inc. is one of the largest rental equipment companies in the nation. The Company's fleet is among the industry's youngest and most versatile with a superior equipment mix comprised of aerial work p