Herc Holdings Inc. (NYSE:HRI – Get Rating)’s stock price traded down 10.3% during mid-day trading on Thursday . The stock traded as low as $92.51 and last traded at $92.89. 5,237 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 280,291 shares. The stock had previously closed at $103.53.
Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Herc from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Robert W. Baird dropped their price objective on Herc from $161.00 to $158.00 in a research note on Thursday, April 21st. StockNews.com assumed coverage on Herc in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, KeyCorp lowered their target price on Herc to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $181.50.
The stock has a fifty day simple moving average of $124.15 and a two-hundred day simple moving average of $147.36. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.29 and a beta of 2.63. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.03 and a current ratio of 1.03.
Herc (NYSE:HRI – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The transportation company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.01). The firm had revenue of $567.30 million during the quarter, compared to the consensus estimate of $552.77 million. Herc had a net margin of 11.42% and a return on equity of 27.26%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. Equities analysts expect that Herc Holdings Inc. will post 12.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.50%. The ex-dividend date was Thursday, May 26th. Herc’s dividend payout ratio is currently 28.05%.
Hedge funds have recently bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new position in shares of Herc in the 1st quarter worth about $28,000. First Quadrant LLC CA bought a new position in shares of Herc in the 1st quarter worth about $38,000. Point72 Hong Kong Ltd bought a new position in shares of Herc in the 3rd quarter worth about $38,000. Covestor Ltd bought a new position in shares of Herc in the 4th quarter worth about $41,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Herc by 90.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after acquiring an additional 150 shares in the last quarter.
Herc Company Profile (NYSE:HRI)
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.
See Also
Receive News & Ratings for Herc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Herc and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
