Herc Holdings Inc. (NYSE:HRI – Get Rating) gapped up before the market opened on Thursday . The stock had previously closed at $91.13, but opened at $96.09. Herc shares last traded at $95.31, with a volume of 2,221 shares traded.
Several analysts recently issued reports on HRI shares. KeyCorp reduced their price target on shares of Herc to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 18th. The Goldman Sachs Group dropped their price objective on shares of Herc from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, June 23rd. StockNews.com initiated coverage on shares of Herc in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Robert W. Baird dropped their price objective on shares of Herc from $161.00 to $158.00 in a research note on Thursday, April 21st. Finally, Wells Fargo & Company increased their price objective on shares of Herc from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Herc has an average rating of “Moderate Buy” and a consensus price target of $184.17.
The company’s 50 day moving average price is $106.95 and its 200-day moving average price is $138.15. The stock has a market cap of $2.77 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.23 and a beta of 2.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.23.
Herc (NYSE:HRI – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The transportation company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.20). The business had revenue of $567.30 million for 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%. Herc’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Equities research analysts anticipate that Herc Holdings Inc. will post 12.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 27th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, May 26th. Herc’s payout ratio is currently 28.05%.
Hedge funds have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Herc during the first quarter worth $28,000. First Quadrant LLC CA acquired a new stake in shares of Herc during the first quarter worth $38,000. Covestor Ltd acquired a new stake in shares of Herc during the fourth quarter worth $41,000. PNC Financial Services Group Inc. increased its position in shares of Herc by 90.9% during the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after buying an additional 150 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Herc during the fourth quarter worth $63,000.
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.
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Source: defenseworld.net
