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

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

Analysts Set New Price Targets

A number of research analysts have commented on HRI shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $146.00 target price (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Citigroup decreased their price objective 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. Barclays dropped their target price 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 Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird lowered their price target on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $139.20.

Herc Trading Down 0.8%

The company's 50 day moving average price is $122.24 and its 200 day moving average price is $163.70. 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 firm has a market cap of $3.41 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter last year, the company earned $2.36 earnings per share. As a group, analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 2.34%. Herc's dividend payout ratio (DPR) is presently 62.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HRI. Rhumbline Advisers boosted its stake in shares of Herc by 3.9% in the 1st quarter. Rhumbline Advisers now owns 42,982 shares of the transportation company's stock valued at $5,772,000 after buying an additional 1,601 shares during the period. Strs Ohio acquired a new stake in Herc in the first quarter valued at approximately $779,000. Jacobi Capital Management LLC raised its holdings in Herc by 16.2% in the first quarter. Jacobi Capital Management LLC now owns 2,717 shares of the transportation company's stock valued at $365,000 after acquiring an additional 379 shares in the last quarter. Intech Investment Management LLC lifted its stake in Herc by 42.2% in the first quarter. Intech Investment Management LLC now owns 16,738 shares of the transportation company's stock worth $2,247,000 after acquiring an additional 4,971 shares during the last quarter. Finally, Aristeia Capital L.L.C. acquired a new position in Herc during the 1st quarter worth approximately $225,000. 93.11% of the stock is owned by institutional investors and hedge funds.

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.