Herc Holdings Inc. (NYSE:HRI) Receives Average Rating of “Hold” from Analysts

Herc Holdings Inc. (NYSE:HRI) has earned a consensus rating of “Hold” from the four analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $170.75.

A number of research analysts have recently commented on HRI shares. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Barclays upped their target price on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday. Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price target on shares of Herc in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Herc Stock Performance

Herc stock opened at $198.72 on Wednesday. Herc has a 1-year low of $100.17 and a 1-year high of $202.30. The company’s 50-day moving average is $151.27 and its 200 day moving average is $146.37. The firm has a market capitalization of $5.64 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). Herc had a return on equity of 26.99% and a net margin of 10.00%. The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same period in the prior year, the business posted $4.00 earnings per share. Herc’s revenue was up 6.3% on a year-over-year basis. Research analysts forecast that Herc will post 13.68 EPS for the current year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a $0.665 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 annualized dividend and a dividend yield of 1.34%. Herc’s payout ratio is presently 21.97%.

Insider Activity at Herc

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the sale, the chief operating officer now owns 38,232 shares in the company, valued at $5,609,016.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tamir Peres sold 5,821 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the sale, the senior vice president now directly owns 35,415 shares in the company, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Herc

A number of hedge funds and other institutional investors have recently bought and sold shares of HRI. Argent Capital Management LLC grew its holdings in Herc by 15.0% in the third quarter. Argent Capital Management LLC now owns 4,997 shares of the transportation company’s stock worth $797,000 after purchasing an additional 652 shares during the last quarter. International Assets Investment Management LLC grew its stake in Herc by 15,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 11,160 shares of the transportation company’s stock worth $17,790,000 after buying an additional 11,090 shares during the last quarter. TFG Advisers LLC purchased a new stake in shares of Herc during the third quarter worth about $200,000. Signaturefd LLC increased its stake in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares in the last quarter. Finally, Jade Capital Advisors LLC acquired a new position in shares of Herc in the 3rd quarter valued at $3,189,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Company Profile

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.