Herc Holdings Inc. (NYSE:HRI) Receives $144.60 Average Price Target from Brokerages

Key Points

• Herc Holdings Inc. (NYSE:HRI) has received an average recommendation of "Moderate Buy" from analysts, with three recommending a hold and three a buy.
• The company's stock recently opened at $131.67, with a 12-month price target averaging $144.60 among analysts.
• Herc has declared a quarterly dividend of $0.70, representing a 2.1% yield, with a payout ratio of 325.58%.

Shares of Herc Holdings Inc. (NYSE:HRI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $144.60.

A number of brokerages have recently commented on HRI. Citigroup decreased their price target on shares of Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Zacks Research raised shares of Herc from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Finally, Robert W. Baird decreased their price target on shares of Herc from $142.00 to $137.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th.

Hedge Funds Weigh In On Herc

Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its position in Herc by 10.3% during the 4th quarter. Northern Trust Corp now owns 293,216 shares of the transportation company's stock valued at $55,515,000 after buying an additional 27,287 shares during the period. Jane Street Group LLC boosted its position in Herc by 26.7% during the 4th quarter. Jane Street Group LLC now owns 17,762 shares of the transportation company's stock valued at $3,363,000 after buying an additional 3,739 shares during the period. AXA S.A. purchased a new stake in Herc during the 4th quarter valued at $3,644,000. Brevan Howard Capital Management LP purchased a new stake in Herc during the 4th quarter valued at $1,058,000. Finally, Centiva Capital LP purchased a new stake in Herc during the 4th quarter valued at $586,000. Institutional investors own 93.11% of the company's stock.

Herc Stock Performance

Shares of HRI stock traded up $9.51 during trading on Wednesday, reaching $138.51. 520,375 shares of the company's stock traded hands, compared to its average volume of 380,677. The company has a market capitalization of $4.60 billion, a P/E ratio of 161.06, a PEG ratio of 1.52 and a beta of 1.83. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. The firm's 50-day moving average is $130.62 and its 200 day moving average is $128.09. Herc has a 1 year low of $96.18 and a 1 year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.58. Herc had a net margin of 0.61% and a return on equity of 20.77%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $868.23 million. Equities research analysts expect that Herc will post 12.84 EPS for the current year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. Herc's dividend payout ratio (DPR) is currently 325.58%.

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.