Herc (NYSE:HRI) Hits New 1-Year High – Time to Buy?

Shares of Herc Holdings Inc. (NYSE:HRI) reached a new 52-week high on Tuesday . The company traded as high as $214.87 and last traded at $213.53, with a volume of 206112 shares. The stock had previously closed at $207.00.

Analysts Set New Price Targets

HRI has been the subject of a number of recent analyst reports. Barclays upped their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird reiterated a “neutral” rating and issued a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. Finally, StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $212.25.

Herc Trading Down 2.6 %

The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.19 and a beta of 2.02. The business has a 50 day simple moving average of $169.34 and a 200-day simple moving average of $151.23.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.00 earnings per share. As a group, equities analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 annualized dividend and a dividend yield of 1.14%. Herc’s dividend payout ratio is currently 21.75%.

Insider Transactions at Herc

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the transaction, the senior vice president now directly owns 21,586 shares of the company’s stock, valued at $4,600,408.32. 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 this hyperlink. In related news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the sale, the senior vice president now owns 21,586 shares in the company, valued at approximately $4,600,408.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, the director now owns 13,774 shares in the company, valued at $2,876,424.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,880 shares of company stock valued at $3,342,960 over the last three months. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Herc

Several institutional investors and hedge funds have recently bought and sold shares of HRI. Headlands Technologies LLC bought a new stake in Herc during the first quarter worth about $31,000. EverSource Wealth Advisors LLC raised its stake in Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after buying an additional 208 shares during the period. Signaturefd LLC raised its stake in Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after buying an additional 61 shares during the period. Covestor Ltd raised its stake in Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after buying an additional 270 shares during the period. Institutional investors own 93.11% of the company’s stock.

About Herc

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.