Herc Holdings Inc. (NYSE:HRI) Receives Consensus Rating of “Hold” from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI) have been given an average recommendation of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $212.25.

A number of research firms recently issued reports on HRI. Barclays raised their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Robert W. Baird reiterated a “neutral” rating and issued a $155.00 price objective on shares of Herc in a research note on Tuesday, July 23rd. The Goldman Sachs Group boosted their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd.

Herc Trading Up 0.1 %

NYSE:HRI opened at $217.67 on Friday. The company has a market capitalization of $6.18 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.28 and a beta of 2.02. The stock’s 50 day moving average price is $179.49 and its 200 day moving average price is $154.20. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. Herc has a 52 week low of $119.08 and a 52 week high of $246.88.

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 analysts’ consensus estimates of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the prior year, the company posted $4.00 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts forecast that Herc will post 13.59 EPS for the current fiscal year.

Insider Activity at Herc

In related news, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the sale, the director now directly owns 13,774 shares in the company, valued at $2,876,424.42. This represents a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,880 shares of company stock valued at $3,342,960 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Herc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HRI. Geode Capital Management LLC boosted its position in Herc by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock valued at $101,589,000 after buying an additional 6,874 shares during the last quarter. Barclays PLC lifted its stake in shares of Herc by 49.5% during the third quarter. Barclays PLC now owns 52,058 shares of the transportation company’s stock valued at $8,299,000 after acquiring an additional 17,236 shares during the period. Main Management ETF Advisors LLC bought a new position in Herc in the third quarter valued at about $866,000. Orion Portfolio Solutions LLC increased its position in Herc by 12.6% in the third quarter. Orion Portfolio Solutions LLC now owns 2,469 shares of the transportation company’s stock worth $394,000 after purchasing an additional 277 shares during the period. Finally, XTX Topco Ltd bought a new stake in Herc during the 3rd quarter worth about $1,363,000. 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.