Herc Holdings Inc. (NYSE:HRI - Get Free Report) 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 completion of the transaction, the chief operating officer now owns 48,232 shares of the company's stock, valued at $7,347,180.56. The sale was disclosed in a document filed with the SEC, which is available through this link.
Herc Stock Performance
Shares of HRI stock traded up $0.31 during trading hours on Monday, reaching $152.58. The company had a trading volume of 138,028 shares, compared to its average volume of 195,744. The business has a fifty day moving average price of $159.08 and a 200-day moving average price of $142.00. Herc Holdings Inc. has a one year low of $93.97 and a one year high of $171.00. The firm has a market cap of $4.33 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.74 and a beta of 2.27. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.44 and a current ratio of 1.51.
Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The transportation company reported $3.24 EPS for the quarter, missing analysts' consensus estimates of $3.29 by ($0.05). The company had revenue of $831.00 million during the quarter, compared to the consensus estimate of $858.06 million. Herc had a return on equity of 28.68% and a net margin of 10.31%. The business's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.44 earnings per share. Sell-side analysts predict that Herc Holdings Inc. will post 14.59 earnings per share for the current fiscal year.
Herc Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Wednesday, February 21st were issued a $0.665 dividend. This is an increase from Herc's previous quarterly dividend of $0.63. The ex-dividend date was Tuesday, February 20th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.74%. Herc's dividend payout ratio (DPR) is presently 21.97%.
Hedge Funds Weigh In On Herc
Several large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in Herc during the first quarter valued at approximately $6,958,000. Kovack Advisors Inc. lifted its holdings in Herc by 172.4% during the first quarter. Kovack Advisors Inc. now owns 5,878 shares of the transportation company's stock valued at $989,000 after purchasing an additional 3,720 shares in the last quarter. Midwest Financial Group LLC lifted its holdings in Herc by 21.1% during the first quarter. Midwest Financial Group LLC now owns 1,840 shares of the transportation company's stock valued at $310,000 after purchasing an additional 320 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in shares of Herc in the first quarter worth $227,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Herc by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,898,147 shares of the transportation company's stock worth $431,505,000 after buying an additional 60,715 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on HRI. StockNews.com upgraded shares of Herc from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price objective on shares of Herc from $117.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Finally, The Goldman Sachs Group raised their price objective on shares of Herc from $155.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $152.50.
Read Our Latest Analysis on HRI
About Herc
(
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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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