Market Movers (8-K)
See all →H&E Equipment Services, Inc. has announced the successful completion of its acquisition by Herc Holdings Inc., resulting in H&E becoming a wholly-owned subsidiary and its common stock being delisted from Nasdaq.
Capital raise
8-K: H&E Equipment Services Reports Weaker Than Expected First Quarter 2025 Results Amid Merger Activity
H&E Equipment Services reports a decline in revenue and profitability for Q1 2025, impacted by weak demand and merger-related activities.
Worse than expected
H&E Equipment Services, Inc. announced its fourth quarter and full year 2024 results, showing a slight revenue decrease and a pending acquisition by Herc Holdings Inc.
Worse than expected
Herc Holdings will acquire H&E Equipment Services for $78.75 in cash and 0.1287 shares of Herc common stock per H&E share, totaling $5.2 billion, after H&E terminated its prior agreement with United Rentals.
H&E Equipment Services announces a regular quarterly cash dividend of $0.275 per share.
United Rentals will acquire H&E Equipment Services for $92 per share in cash, a deal valued at approximately $4.8 billion, including net debt.
Capital raise
Quarterly Earnings (10-Q)
H&E Equipment Services reports a decrease in revenue and profit for Q1 2025, impacted by decreased utilization and rental rates, as it navigates a pending merger with Herc Holdings.
Delay expected
Worse than expected
H&E Equipment Services saw a decrease in total revenue and gross profit for the third quarter of 2024, despite an increase in equipment rental revenue and fleet size.
Worse than expected
H&E Equipment Services saw a revenue increase in Q2 2024, driven by equipment rentals, but experienced a decrease in profitability due to higher operating expenses and lower utilization rates.
Worse than expected
H&E Equipment Services saw a 15.2% increase in total revenue in Q1 2024 compared to Q1 2023, primarily driven by growth in equipment rentals and strategic acquisitions.
Annual Reports (10-K)
H&E Equipment Services reports its 2024 financial results while also managing a merger agreement with Herc Holdings Inc.
Worse than expected
10-K: H&E Equipment Services Reports 2023 Financial Results, Transitioning to Pure-Play Rental Company
H&E Equipment Services reports a significant increase in equipment rental revenue and overall gross profit for 2023, driven by a larger fleet and higher rental rates, while strategically divesting from distribution channels.
Better than expected
Insider Trading (Form 4)
See all →Form 4: H&E Equipment Services Executive Chairman Finalizes Share Holdings Post-Merger with Herc Holdings
John Engquist, Executive Chairman of H&E Equipment Services, Inc., reported the final disposition of his common stock holdings following the company's acquisition by Herc Holdings Inc.
A recent SEC Form 4 filing indicates that Suzanne H. Wood, a Director of H&E Equipment Services, Inc., disposed of her common stock holdings as a result of the company's acquisition by Herc Holdings Inc. on June 2, 2025.
Form 4: H&E Equipment Services Director Disposes of Shares Following Herc Holdings Merger Completion
A recent SEC Form 4 filing reveals that Mary Patricia B Thompson, a Director of H&E Equipment Services, Inc., disposed of all her common stock holdings as a result of the company's acquisition by Herc Holdings Inc. on June 2, 2025.
Form 4: H&E Equipment Services Director Reports Share Disposition Following Herc Holdings Merger Completion
A director of H&E Equipment Services, Inc. has reported the disposition of all common stock holdings following the company's acquisition by Herc Holdings Inc. on June 2, 2025, as per the terms of the merger agreement.
Form 4: H&E Equipment Services Director Disposes of Shares Following Herc Holdings Merger Completion
A director of H&E Equipment Services, Inc. has reported the disposal of all beneficial shares as the company's acquisition by Herc Holdings Inc. officially closed.
Form 4: H&E Equipment Services Director Disposes of Shares Following Herc Holdings Merger Completion
H&E Equipment Services, Inc. Director Thomas J. Galligan III has reported the disposition of all his common stock holdings in the company, totaling 37,034 shares, due to the consummation of the merger with Herc Holdings Inc. on June 2, 2025.
Proxy Statements (Def-14A)
H&E Equipment Services will hold its annual stockholders meeting on May 16, 2024, to vote on director elections, auditor ratification, executive compensation, and an incentive compensation plan.
H&E Equipment Services is asking stockholders to approve an amended and restated stock-based incentive compensation plan to attract, motivate, and retain employees, consultants, and non-employee directors.
Schedule 13G - Passive Investments
See all →Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC have filed an amended Schedule 13G, reporting a de minimis beneficial ownership of H&E Equipment Services, Inc. common stock.
SCHEDULE 13G/A: American Century Investment Management Discloses 3.2% Stake in H&E Equipment Services
American Century Investment Management, along with its parent entities, has filed an amended Schedule 13G disclosing a 3.2% beneficial ownership stake in H&E Equipment Services, Inc.
Macquarie Group Limited and its affiliates have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 1.66% in H&E Equipment Services Inc. as of March 31, 2025.
SCHEDULE 13G/A: ClearBridge Investments Files Amended Schedule 13G for H&E Equipment Services, Reporting Zero Beneficial Ownership
ClearBridge Investments, LLC has filed an amended Schedule 13G for H&E Equipment Services, Inc., indicating that it no longer beneficially owns any shares of the company's common stock as of March 31, 2025.
Worse than expected
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC have reported a passive beneficial ownership of 5.8% in H&E Equipment Services, Inc. common stock.
SCHEDULE 13G/A: Vanguard Group Amends H&E Equipment Services Stake, Reports 8.83% Beneficial Ownership
The Vanguard Group has filed an Amendment No. 11 to its Schedule 13G, disclosing an 8.83% beneficial ownership stake in H&E Equipment Services Inc. as of March 31, 2025.