Herc Holdings Inc. (NYSE:HRI – Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,540,000 shares, a growth of 61.4% from the February 13th total of 954,400 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 436,300 shares, the short-interest ratio is currently 3.5 days.
Analyst Ratings Changes
Separately, The Goldman Sachs Group increased their price objective on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Herc has an average rating of “Hold” and an average target price of $219.75.
Read Our Latest Stock Analysis on HRI
Hedge Funds Weigh In On Herc
Herc Stock Performance
Shares of HRI traded up $7.21 during mid-day trading on Friday, reaching $129.46. The company had a trading volume of 527,103 shares, compared to its average volume of 308,255. Herc has a 52-week low of $119.60 and a 52-week high of $246.88. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $3.68 billion, a P/E ratio of 17.47, a PEG ratio of 1.61 and a beta of 2.14. The stock has a 50 day moving average of $178.66 and a two-hundred day moving average of $184.11.
Herc (NYSE:HRI – Get Free Report) last issued its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, analysts expect that Herc will post 12.84 earnings per share for the current year.
Herc Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. 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 2.16%. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is currently 37.79%.
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.
Further Reading
- Five stocks we like better than Herc
- When to Sell a Stock for Profit or Loss
- How to Build the Ultimate Everything ETF Portfolio
- What is the Euro STOXX 50 Index?
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Using the MarketBeat Stock Split Calculator
- 3 Stocks With High ROE and Market-Beating Growth Potential
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.