Herc (NYSE:HRI) Stock Price Down 7.1% - Should You Sell?

Herc Holdings Inc. (NYSE:HRI - Get Free Report) traded down 7.1% during trading on Monday . The company traded as low as $116.77 and last traded at $115.18. 43,084 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 382,398 shares. The stock had previously closed at $124.00.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays decreased their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird dropped their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $146.00 target price (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Three 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 target price of $139.20.

Herc Price Performance

The company has a 50-day moving average of $121.54 and a two-hundred day moving average of $162.71. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $3.47 billion, a PE ratio of 16.41, a P/E/G ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. During the same quarter in the previous year, the company earned $2.36 earnings per share. Sell-side analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, May 30th. Herc's dividend payout ratio (DPR) is currently 62.36%.

Institutional Trading of Herc

A number of institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after buying an additional 167 shares in the last quarter. Larson Financial Group LLC increased its holdings in Herc by 1,831.3% in the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after purchasing an additional 293 shares in the last quarter. Quarry LP raised its position in Herc by 646.7% in the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after purchasing an additional 194 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after purchasing an additional 80 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Herc in the fourth quarter valued at about $59,000. Hedge funds and other institutional investors 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.