Herc (NYSE:HRI) PT Raised to $145.00 at Robert W. Baird

Herc (NYSE:HRI) had its price objective lifted by investment analysts at Robert W. Baird from $135.00 to $145.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 23.02% from the company’s current price.

A number of other analysts have also commented on the stock. Barclays boosted their price target on shares of Herc from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, July 14th. Zacks Investment Research upgraded shares of Herc from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Thursday, July 8th. Finally, KeyCorp lifted their price objective on shares of Herc from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, July 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Herc presently has an average rating of “Buy” and a consensus target price of $116.80.

Shares of NYSE:HRI traded up $0.42 during mid-day trading on Thursday, hitting $117.87. The company had a trading volume of 9,380 shares, compared to its average volume of 249,483. The company has a fifty day moving average of $109.91. The firm has a market capitalization of $3.49 billion, a P/E ratio of 31.86, a PEG ratio of 0.41 and a beta of 3.08. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.13 and a quick ratio of 1.13. Herc has a one year low of $32.40 and a one year high of $118.59.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, July 22nd. The transportation company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.33. The company had revenue of $490.90 million during the quarter, compared to analyst estimates of $456.93 million. Herc had a net margin of 6.13% and a return on equity of 16.98%. Herc’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. On average, equities research analysts predict that Herc will post 6.39 earnings per share for the current year.

In related news, SVP Christian J. Cunningham sold 7,829 shares of the business’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $109.99, for a total value of $861,111.71. Following the sale, the senior vice president now directly owns 36,800 shares in the company, valued at approximately $4,047,632. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lawrence Harris Silber sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 6th. The shares were sold at an average price of $110.36, for a total value of $2,759,000.00. Following the completion of the sale, the chief executive officer now owns 141,660 shares in the company, valued at $15,633,597.60. The disclosure for this sale can be found here. Insiders sold a total of 36,791 shares of company stock worth $4,067,818 over the last three months. 1.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fred Alger Management LLC bought a new stake in shares of Herc during the first quarter valued at about $152,209,000. Goldman Sachs Group Inc. increased its position in shares of Herc by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 904,214 shares of the transportation company’s stock valued at $91,624,000 after buying an additional 21,492 shares during the period. JPMorgan Chase & Co. increased its position in shares of Herc by 2,797.1% during the first quarter. JPMorgan Chase & Co. now owns 741,869 shares of the transportation company’s stock valued at $75,173,000 after buying an additional 716,262 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Herc by 53.2% during the first quarter. Loomis Sayles & Co. L P now owns 414,872 shares of the transportation company’s stock valued at $42,039,000 after buying an additional 144,052 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Herc by 10.7% in the first quarter. Geode Capital Management LLC now owns 410,289 shares of the transportation company’s stock worth $41,574,000 after purchasing an additional 39,502 shares during the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

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.

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