Herc (NYSE:HRI) Given New $137.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird has lowered the target price for Herc (NYSE:HRI) from $142.00 to $137.00, maintaining a "neutral" rating on the stock.
• Herc's stock is currently trading at $120.88, with a potential upside of 13.34% based on the new price target.
• Various analysts have adjusted their ratings and price targets for Herc, with a consensus price target of $144.60, indicating a "Moderate Buy" sentiment overall.

Herc (NYSE:HRI - Free Report) had its price objective trimmed by Robert W. Baird from $142.00 to $137.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company's stock.

HRI has been the subject of several other reports. Citigroup reissued a "buy" rating and set a $140.00 price objective (up from $130.00) on shares of Herc in a report on Tuesday, June 24th. Barclays decreased their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Herc has a consensus rating of "Moderate Buy" and a consensus price target of $144.60.

Herc Price Performance

Shares of NYSE:HRI opened at $114.43 on Wednesday. Herc has a one year low of $96.18 and a one year high of $246.88. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 133.06, a PEG ratio of 1.35 and a beta of 1.86. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day simple moving average of $128.97 and a 200-day simple moving average of $140.87.

Herc (NYSE:HRI - Get Free Report) last released its quarterly 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. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $868.23 million. Herc had a net margin of 0.61% and a return on equity of 20.77%. On average, analysts predict that Herc will post 12.84 EPS for the current year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, May 30th. Herc's payout ratio is 325.58%.

Institutional Trading of Herc

Hedge funds and other institutional investors have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Herc during the 2nd quarter worth about $36,000. Larson Financial Group LLC raised 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 worth $41,000 after buying an additional 293 shares in the last quarter. Quarry LP raised its position in shares of Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after buying an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. raised 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 in the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Herc during the 2nd quarter worth about $45,000. 93.11% of the stock is currently owned by institutional investors.

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.