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

Herc Holdings Inc. (NYSE:HRI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $139.20.

HRI has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reissued a "buy" rating and set a $146.00 price target (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Robert W. Baird lowered their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $140.00 target price (up from $130.00) on shares of Herc in a research report on Tuesday, June 24th. Finally, Barclays reduced their target price on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th.

Herc Price Performance

HRI stock traded up $1.11 during mid-day trading on Wednesday, hitting $144.61. The stock had a trading volume of 528,465 shares, compared to its average volume of 405,410. The firm has a fifty day simple moving average of $123.38 and a 200 day simple moving average of $149.20. The firm has a market capitalization of $4.12 billion, a P/E ratio of 32.21, a P/E/G ratio of 1.87 and a beta of 1.86. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.04. 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 earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 24.10% and a net margin of 3.53%. During the same period in the previous year, the firm posted $2.36 EPS. As a group, research analysts forecast that Herc will post 12.84 EPS for the current year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, May 30th. Herc's dividend payout ratio is currently 62.36%.

Hedge Funds Weigh In On Herc

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after acquiring an additional 167 shares during the period. Quarry LP lifted its stake in Herc by 646.7% in the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after buying an additional 194 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after buying an additional 80 shares during the period. Larson Financial Group LLC lifted its position in shares of Herc by 1,831.3% during the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after acquiring an additional 293 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Herc during the fourth quarter worth $59,000. Institutional investors 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.