Herc Holdings Inc. (HRI) to Issue Quarterly Dividend of $0.67 on June 14th

Herc Holdings Inc. (NYSE:HRIGet Free Report) declared a quarterly dividend on Friday, May 17th, Zacks reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.665 per share by the transportation company on Friday, June 14th. This represents a $2.66 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, May 31st.

Herc has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Herc to earn $16.80 per share next year, which means the company should continue to be able to cover its $2.66 annual dividend with an expected future payout ratio of 15.8%.

Herc Stock Down 0.2 %

Shares of NYSE HRI opened at $155.72 on Friday. The company has a market capitalization of $4.42 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.76 and a beta of 2.27. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.51 and a quick ratio of 1.51. The company has a 50 day simple moving average of $157.85 and a 200-day simple moving average of $146.09. Herc has a 1 year low of $99.72 and a 1 year high of $171.00.

Herc (NYSE:HRIGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.12). Herc had a return on equity of 28.68% and a net margin of 10.31%. The business had revenue of $804.00 million during the quarter. On average, equities research analysts predict that Herc will post 14.59 earnings per share for the current year.

Insider Activity at Herc

In other news, COO Aaron Birnbaum sold 5,844 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $152.33, for a total transaction of $890,216.52. Following the sale, the chief operating officer now owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Herc news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $159.10, for a total transaction of $564,009.50. Following the completion of the transaction, the senior vice president now owns 41,236 shares in the company, valued at approximately $6,560,647.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Aaron Birnbaum sold 5,844 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total transaction of $890,216.52. Following the transaction, the chief operating officer now owns 48,232 shares of the company’s stock, valued at approximately $7,347,180.56. The disclosure for this sale can be found here. Insiders sold 35,996 shares of company stock worth $5,656,956 in the last three months. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on HRI. Robert W. Baird raised their price objective on Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Herc currently has an average rating of “Hold” and a consensus price target of $152.50.

Check Out Our Latest Research Report on Herc

Herc Company Profile

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Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.

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Dividend History for Herc (NYSE:HRI)

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