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

Herc Holdings Inc. (NYSE:HRI - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five brokerages that are 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 12-month price target among analysts that have updated their coverage on the stock in the last year is $139.20.

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

Institutional Investors Weigh In On Herc

A number of institutional investors have recently made changes to their positions in HRI. Vanguard Group Inc. increased its stake in shares of Herc by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company's stock valued at $424,726,000 after acquiring an additional 96,329 shares during the last quarter. Invesco Ltd. increased its stake in Herc by 104.7% in the first quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company's stock valued at $400,995,000 after purchasing an additional 1,527,244 shares in the last quarter. Capital World Investors raised its holdings in Herc by 435.8% in the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after purchasing an additional 1,154,182 shares during the period. Coliseum Capital Management LLC boosted its position in shares of Herc by 213.4% during the first quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company's stock worth $175,892,000 after purchasing an additional 891,979 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after buying an additional 508,359 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

Shares of HRI stock traded up $2.72 during mid-day trading on Tuesday, reaching $137.27. The company's stock had a trading volume of 469,489 shares, compared to its average volume of 378,087. The firm's 50-day moving average is $123.56 and its two-hundred day moving average is $172.32. The company has a market cap of $3.91 billion, a P/E ratio of 18.52, a PEG ratio of 1.61 and a beta of 1.85. Herc has a 1-year low of $96.19 and a 1-year high of $246.88. 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 released its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. During the same period in the previous year, the firm posted $2.36 earnings per share. On average, research analysts predict that Herc will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.04%. Herc's dividend payout ratio (DPR) is 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.