Brokerages Set Herc Holdings Inc. (NYSE:HRI) Price Target at $170.75

Shares of Herc Holdings Inc. (NYSE:HRI) have earned a consensus rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $212.25.

A number of equities analysts have recently weighed in on the company. StockNews.com cut Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Barclays boosted their price target on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Robert W. Baird reissued a “neutral” rating and issued a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their price target on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their target price on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Herc Stock Performance

Shares of HRI stock opened at $210.88 on Wednesday. The stock has a fifty day moving average price of $157.30 and a 200 day moving average price of $147.67. The stock has a market cap of $5.99 billion, a PE ratio of 17.41, a P/E/G ratio of 1.26 and a beta of 2.07. Herc has a 1 year low of $105.00 and a 1 year high of $214.62. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 27.16% and a net margin of 10.09%. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same period in the prior year, the firm posted $4.00 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts forecast that Herc will post 13.17 earnings per share for the current fiscal year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, August 22nd. Herc’s dividend payout ratio (DPR) is presently 21.97%.

Insider Buying and Selling at Herc

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the completion of the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at $4,600,408.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the sale, the director now directly owns 13,774 shares of the company’s stock, valued at $2,876,424.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,880 shares of company stock valued at $3,342,960. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Capital Research Global Investors raised its stake in Herc by 185.7% during the first quarter. Capital Research Global Investors now owns 170,649 shares of the transportation company’s stock valued at $28,720,000 after buying an additional 110,922 shares in the last quarter. American Century Companies Inc. grew its holdings in Herc by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after buying an additional 87,330 shares in the last quarter. Vanguard Group Inc. grew its holdings in Herc by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,898,147 shares of the transportation company’s stock worth $431,505,000 after buying an additional 60,715 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in Herc by 145.7% in the 3rd quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock worth $14,624,000 after buying an additional 54,400 shares in the last quarter. Finally, First Sabrepoint Capital Management LP bought a new position in Herc in the 1st quarter worth approximately $8,667,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

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.