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

Key Points

• Herc Holdings Inc. has received a consensus recommendation of "Moderate Buy" from six brokerages, with an average twelve-month price target of $144.60.
• The company's latest earnings report showed an Earnings Per Share (EPS) of $1.87, significantly surpassing the expected $1.29, with revenues of $1 billion for the quarter.
• Herc recently declared a quarterly dividend of $0.70 per share, with a current dividend yield of 2.4% and a payout ratio of 325.58%.

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

Several analysts have issued reports on the stock. Robert W. Baird reduced 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. Zacks Research upgraded shares of Herc from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. Finally, Citigroup dropped their target price 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.

Hedge Funds Weigh In On Herc

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its position in Herc by 5.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,051 shares of the transportation company's stock worth $270,000 after acquiring an additional 100 shares during the last quarter. Xponance Inc. increased its holdings in Herc by 5.1% in the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company's stock worth $298,000 after purchasing an additional 107 shares in the last quarter. Vista Finance LLC increased its holdings in shares of Herc by 8.0% during the first quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock valued at $213,000 after acquiring an additional 118 shares in the last quarter. Midwest Financial Group LLC boosted its position in shares of Herc by 12.5% during the second quarter. Midwest Financial Group LLC now owns 1,803 shares of the transportation company's stock valued at $237,000 after buying an additional 200 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in Herc by 10.5% in the second quarter. Johnson Investment Counsel Inc. now owns 2,215 shares of the transportation company's stock worth $292,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Herc Price Performance

Shares of HRI opened at $118.73 on Friday. The firm's fifty day simple moving average is $126.80 and its 200-day simple moving average is $126.28. Herc has a twelve month low of $96.18 and a twelve month high of $246.88. 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 has a market capitalization of $3.95 billion, a price-to-earnings ratio of 138.05, a PEG ratio of 1.40 and a beta of 1.83.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.87 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $868.23 million. Equities analysts forecast that Herc will post 12.84 EPS for the current fiscal year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 22nd. Herc's dividend payout ratio (DPR) is presently 325.58%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.