Herc Holdings Inc. (NYSE:HRI) Announces $0.67 Quarterly Dividend

Herc Holdings Inc. (NYSE:HRI - Get Free Report) announced a quarterly dividend on Friday, May 17th, Zacks reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.665 per share by the transportation company on Friday, June 14th. This represents a $2.66 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, May 31st.

Herc has a payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Herc to earn $16.80 per share next year, which means the company should continue to be able to cover its $2.66 annual dividend with an expected future payout ratio of 15.8%.

Herc Stock Down 0.2 %

Shares of HRI traded down $0.31 during mid-day trading on Friday, hitting $155.72. 153,875 shares of the company traded hands, compared to its average volume of 232,865. The company has a market capitalization of $4.42 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.76 and a beta of 2.27. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.95. The business has a 50 day moving average of $157.85 and a 200 day moving average of $146.09. Herc has a 1-year low of $99.72 and a 1-year high of $171.00.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The company had revenue of $804.00 million for the quarter. Equities research analysts anticipate that Herc will post 14.59 EPS for the current year.

Insider Activity

In other Herc news, CEO Lawrence Harris Silber sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $158.81, for a total value of $3,176,200.00. Following the sale, the chief executive officer now owns 213,382 shares in the company, valued at approximately $33,887,195.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Herc news, CEO Lawrence Harris Silber sold 20,000 shares of Herc stock in a transaction on Monday, May 13th. The shares were sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the transaction, the chief executive officer now owns 213,382 shares of the company's stock, valued at $33,887,195.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Aaron Birnbaum sold 5,844 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $152.33, for a total transaction of $890,216.52. Following the sale, the chief operating officer now directly owns 48,232 shares in the company, valued at $7,347,180.56. The disclosure for this sale can be found here. Insiders sold a total of 35,996 shares of company stock valued at $5,656,956 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HRI has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on Herc from $155.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Robert W. Baird lifted their target price on Herc from $117.00 to $142.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Finally, StockNews.com downgraded shares of Herc from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $152.50.

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.