Shares of Herc Holdings Inc. (NYSE:HRI – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $174.60.
Several research analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of Herc from $130.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. The Goldman Sachs Group lowered their target price on shares of Herc from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Finally, Wells Fargo & Company lowered their target price on shares of Herc to $165.00 in a research note on Friday, July 22nd.
Institutional Trading of Herc
Institutional investors and hedge funds have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. bought a new stake in Herc in the 1st quarter valued at $28,000. First Quadrant LLC CA bought a new stake in Herc in the 1st quarter valued at $38,000. Lazard Asset Management LLC increased its holdings in Herc by 593.7% in the 2nd quarter. Lazard Asset Management LLC now owns 437 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 374 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Herc by 90.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 150 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Herc by 152.5% in the 2nd quarter. Captrust Financial Advisors now owns 803 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 485 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.
Herc Trading Down 3.2 %
NYSE:HRI opened at $104.47 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. Herc has a 12 month low of $83.43 and a 12 month high of $203.14. The company has a market cap of $3.13 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.37 and a beta of 2.69. The company has a 50 day simple moving average of $116.22 and a two-hundred day simple moving average of $120.27.
Herc (NYSE:HRI – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The transportation company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.58 by ($0.11). The business had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $631.11 million. Herc had a return on equity of 28.42% and a net margin of 11.76%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 EPS. Research analysts forecast that Herc will post 11.81 earnings per share for the current year.
Herc Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were issued a $0.575 dividend. The ex-dividend date was Thursday, August 18th. This represents a $2.30 dividend on an annualized basis and a yield of 2.20%. Herc’s dividend payout ratio is currently 25.47%.
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.
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