Herc Holdings Inc. (NYSE:HRI) Given Average Recommendation of "Moderate Buy" by Analysts

Herc Holdings Inc. (NYSE:HRI - Get Free Report) has received an average recommendation of "Moderate Buy" from the five analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $139.20.

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

Herc Price Performance

Shares of NYSE:HRI opened at $121.62 on Friday. Herc has a one year low of $96.19 and a one year high of $246.88. The stock has a fifty day moving average of $121.24 and a 200-day moving average of $162.07. The company has a market capitalization of $3.47 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

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

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, May 30th. Herc's dividend payout ratio (DPR) is currently 62.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EULAV Asset Management bought a new position in shares of Herc during the fourth quarter valued at about $1,534,000. Empowered Funds LLC purchased a new position in Herc during the fourth quarter valued at approximately $5,523,000. Rhumbline Advisers grew its stake in Herc by 0.5% in the 4th quarter. Rhumbline Advisers now owns 41,381 shares of the transportation company's stock worth $7,835,000 after buying an additional 189 shares in the last quarter. Vista Finance LLC purchased a new position in Herc in the 4th quarter worth approximately $279,000. Finally, Principal Financial Group Inc. grew its stake in Herc by 1,067.0% in the 4th quarter. Principal Financial Group Inc. now owns 30,482 shares of the transportation company's stock worth $5,771,000 after buying an additional 27,870 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

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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