Herc (HRI) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Herc in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" HRI shares.
View HRI analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued twelve-month price objectives for Herc's shares. Their HRI share price targets range from $140.00 to $150.00. On average, they anticipate the company's share price to reach $144.00 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
View analysts price targets for HRI or view top-rated stocks among Wall Street analysts.

Herc's stock was trading at $148.89 at the beginning of 2024. Since then, HRI shares have increased by 6.3% and is now trading at $158.23.
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Herc saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 549,800 shares, a decrease of 18.7% from the March 15th total of 675,900 shares. Based on an average daily volume of 186,800 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.0% of the company's stock are sold short.
View Herc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our HRI earnings forecast.

Herc will be holding an earnings conference call on Tuesday, April 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Herc Holdings Inc. (NYSE:HRI) released its 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 transportation company had revenue of $831 million for the quarter, compared to analysts' expectations of $858.06 million. Herc had a net margin of 10.58% and a trailing twelve-month return on equity of 30.21%. Herc's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.44 earnings per share.

Herc announced a quarterly dividend on Wednesday, February 7th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.665 per share on Thursday, March 7th. This represents a $2.66 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, February 20th. This is a boost from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for HRI.

Herc (NYSE:HRI) pays an annual dividend of $2.66 per share and currently has a dividend yield of 1.69%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRI will have a dividend payout ratio of 17.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRI.

ETFs with the largest weight of Herc (NYSE:HRI) stock in their portfolio include Tema American Reshoring ETF (RSHO), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Janus Henderson Small Cap Growth Alpha ETF (JSML), First Trust Nasdaq Transportation ETF (FTXR), First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Avantis US Small Cap Value ETF (AVUV).Amplify Etho Climate Leadership U.S. ETF (ETHO) and

107 employees have rated Herc Chief Executive Officer Larry Silber on Glassdoor.com. Larry Silber has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Herc investors own include Hertz Global (HTZ), Energy Transfer (ET), AT&T (T), Advanced Micro Devices (AMD), Cisco Systems (CSCO), NVIDIA (NVDA), Bank of America (BAC), Ford Motor (F), Johnson & Johnson (JNJ) and Pfizer (PFE).

Herc's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ARGA Investment Management LP (0.02%), Midwest Financial Group LLC (0.01%) and Massmutual Trust Co. FSB ADV (0.00%). Insiders that own company stock include Aaron Birnbaum, Carl C Icahn, Christian J Cunningham, James H Browning, Lawrence Harris Silber, Mark Irion and Tamir Peres.
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Shares of HRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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