Herc (NYSE:HRI) PT Raised to $178.00 at The Goldman Sachs Group

Herc (NYSE:HRI) had its target price lifted by investment analysts at The Goldman Sachs Group from $155.00 to $178.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 16.62% from the stock’s current price.

Separately, Robert W. Baird lifted their price objective on shares of Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $152.50.

Herc Stock Performance

NYSE:HRI opened at $152.63 on Tuesday. The company has a fifty day simple moving average of $158.62 and a two-hundred day simple moving average of $139.77. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 0.82 and a beta of 2.27. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.97. Herc has a 52 week low of $93.97 and a 52 week high of $171.00.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, February 13th. The transportation company reported $3.24 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.05). The business had revenue of $831.00 million during the quarter, compared to analyst estimates of $858.06 million. Herc had a return on equity of 30.21% and a net margin of 10.58%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.44 EPS. As a group, equities analysts anticipate that Herc will post 13.86 earnings per share for the current fiscal year.

Insider Activity at Herc

In related news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the completion of the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Herc

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in Herc by 213.3% in the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 160 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after buying an additional 265 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Herc by 90.9% in the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock valued at $52,000 after buying an additional 150 shares during the last quarter. Quarry LP raised its holdings in shares of Herc by 363.0% in the first quarter. Quarry LP now owns 338 shares of the transportation company’s stock valued at $38,000 after buying an additional 265 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Herc by 45.3% in the fourth quarter. CWM LLC now owns 359 shares of the transportation company’s stock valued at $53,000 after buying an additional 112 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.