Herc (NYSE:HRI) Receives Sell (D+) Rating from Weiss Ratings

Herc (NYSE:HRI - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on the stock. Citigroup reduced their target price on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Robert W. Baird set a $160.00 target price on shares of Herc and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Baird R W upgraded shares of Herc from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, Zacks Research upgraded shares of Herc from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Herc has an average rating of "Moderate Buy" and a consensus price target of $149.20.

Herc Stock Up 2.1%

NYSE HRI opened at $123.93 on Wednesday. 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 firm has a 50-day simple moving average of $124.55 and a 200 day simple moving average of $125.85. Herc has a twelve month low of $96.18 and a twelve month high of $246.88. The stock has a market cap of $4.12 billion, a PE ratio of 144.10, a PEG ratio of 1.43 and a beta of 1.81.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $868.23 million. On average, research analysts forecast that Herc will post 12.84 EPS for the current year.

Institutional Trading of Herc

Several hedge funds have recently modified their holdings of HRI. Salem Investment Counselors Inc. grew its stake in shares of Herc by 0.4% during the third quarter. Salem Investment Counselors Inc. now owns 21,721 shares of the transportation company's stock valued at $2,534,000 after purchasing an additional 95 shares during the last quarter. Captrust Financial Advisors boosted its stake in Herc by 5.1% in the second quarter. Captrust Financial Advisors now owns 2,051 shares of the transportation company's stock valued at $270,000 after acquiring an additional 100 shares during the last quarter. Xponance Inc. boosted its stake in Herc by 5.1% in the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company's stock valued at $298,000 after acquiring an additional 107 shares during the last quarter. Vista Finance LLC boosted its stake in Herc by 8.0% in 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 during the last quarter. Finally, Midwest Financial Group LLC boosted its stake in Herc by 12.5% in the second quarter. Midwest Financial Group LLC now owns 1,803 shares of the transportation company's stock valued at $237,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

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.

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