Herc Holdings Inc. (NYSE:HRI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Herc Holdings Inc. (NYSE:HRI - Get Free Report) has received a consensus rating of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $139.20.

Several analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $146.00 target price (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Citigroup lowered their price objective on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their target price on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays reduced their price target on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Robert W. Baird dropped their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd.

Hedge Funds Weigh In On Herc

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Herc in the fourth quarter valued at $5,377,000. Millennium Management LLC grew its stake in Herc by 1,221.2% in the 4th quarter. Millennium Management LLC now owns 40,732 shares of the transportation company's stock valued at $7,712,000 after acquiring an additional 37,649 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Herc by 12.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock valued at $527,000 after acquiring an additional 315 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Herc during the fourth quarter worth about $2,359,000. Finally, Empowered Funds LLC acquired a new position in Herc during the fourth quarter worth about $5,523,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of HRI stock traded up $1.14 during midday trading on Friday, hitting $122.56. The company had a trading volume of 218,083 shares, compared to its average volume of 389,150. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.61 and a beta of 1.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company's 50 day simple moving average is $120.83 and its 200 day simple moving average is $160.61. Herc has a 52-week low of $96.19 and a 52-week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The company had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period in the prior year, the business earned $2.36 earnings per share. Research analysts anticipate that Herc will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, May 30th. Herc's dividend payout ratio is currently 62.36%.

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.