Herc (NYSE:HRI) Reaches New 1-Year Low – Here’s Why

Herc Holdings Inc. (NYSE:HRI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $124.40 and last traded at $125.53, with a volume of 217881 shares changing hands. The stock had previously closed at $131.55.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $219.75.

Herc Stock Down 4.4 %

The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $3.58 billion, a P/E ratio of 16.97, a PEG ratio of 1.61 and a beta of 2.14. The stock’s fifty day moving average is $184.91 and its two-hundred day moving average is $185.03.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. As a group, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.23%. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio (DPR) is currently 37.79%.

Institutional Trading of Herc

A number of hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 167 shares during the period. Quarry LP grew its position in Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company’s stock worth $42,000 after purchasing an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after purchasing an additional 80 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Herc during the 4th quarter valued at $59,000. Finally, Covestor Ltd lifted its holdings in shares of 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 purchasing an additional 133 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.