Herc Holdings Inc. (NYSE:HRI - Get Free Report)'s stock price rose 2.6% during trading on Wednesday . The stock traded as high as $167.28 and last traded at $167.28. Approximately 4,041 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 185,016 shares. The stock had previously closed at $163.00.
Wall Street Analyst Weigh In
Separately, Robert W. Baird increased their price target on Herc from $117.00 to $142.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th.
View Our Latest Research Report on HRI
Herc Stock Up 1.5 %
The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.86 and a beta of 2.27. The business's 50 day moving average price is $156.57 and its 200 day moving average price is $136.92.
Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The transportation company reported $3.24 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.05). The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $858.06 million. Herc had a net margin of 10.58% and a return on equity of 30.21%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.44 EPS. On average, equities analysts forecast that Herc Holdings Inc. will post 13.86 EPS for the current year.
Herc Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Wednesday, February 21st were paid a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Tuesday, February 20th. This is a positive change from Herc's previous quarterly dividend of $0.63. Herc's payout ratio is currently 21.98%.
Insiders Place Their Bets
In related news, SVP Tamir Peres sold 3,545 shares of Herc stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the sale, the senior vice president now owns 41,236 shares of the company's stock, valued at approximately $6,560,647.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Herc
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Herc by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 2,898,147 shares of the transportation company's stock worth $431,505,000 after purchasing an additional 60,715 shares during the last quarter. BlackRock Inc. boosted its position in Herc by 5.8% during the second quarter. BlackRock Inc. now owns 2,739,142 shares of the transportation company's stock worth $374,852,000 after acquiring an additional 149,439 shares during the last quarter. Invesco Ltd. grew its stake in Herc by 37.8% during the 3rd quarter. Invesco Ltd. now owns 1,667,255 shares of the transportation company's stock valued at $198,303,000 after acquiring an additional 457,697 shares in the last quarter. Theleme Partners LLP grew its stake in Herc by 26.2% during the 4th quarter. Theleme Partners LLP now owns 817,891 shares of the transportation company's stock valued at $121,776,000 after acquiring an additional 169,886 shares in the last quarter. Finally, Electron Capital Partners LLC raised its holdings in Herc by 3.5% in the 4th quarter. Electron Capital Partners LLC now owns 605,387 shares of the transportation company's stock valued at $90,136,000 after acquiring an additional 20,358 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.
Herc Company Profile
(
Get Free Report)
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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