Herc Holdings Inc. (NYSE:HRI) Receives Consensus Rating of “Moderate Buy” from Analysts

Herc Holdings Inc. (NYSE:HRI) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $184.4286.

HRI has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Herc from $176.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. KeyCorp increased their price target on shares of Herc from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded Herc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Citigroup raised their price objective on Herc from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Herc by 4.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,608 shares of the transportation company’s stock worth $239,000 after purchasing an additional 72 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in Herc by 2.8% in the fourth quarter. Wealthspire Advisors LLC now owns 2,717 shares of the transportation company’s stock valued at $403,000 after purchasing an additional 75 shares during the last quarter. Captrust Financial Advisors grew its position in Herc by 5.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,051 shares of the transportation company’s stock worth $270,000 after purchasing an additional 100 shares during the period. State of Wyoming raised its stake in shares of Herc by 21.0% during the 1st quarter. State of Wyoming now owns 616 shares of the transportation company’s stock valued at $61,000 after buying an additional 107 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Herc by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock valued at $51,000 after buying an additional 111 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Down 0.7%

Shares of HRI opened at $141.02 on Friday. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $4.71 billion, a P/E ratio of 95.93, a price-to-earnings-growth ratio of 19.57 and a beta of 1.86. The company has a 50 day simple moving average of $153.90 and a two-hundred day simple moving average of $135.87. Herc has a 1 year low of $88.45 and a 1 year high of $188.35.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.76 by $0.67. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Herc had a net margin of 1.01% and a return on equity of 10.33%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.87 EPS. On average, equities analysts expect that Herc will post 7.05 earnings per share for the current fiscal year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, September 2nd. Herc’s dividend payout ratio is presently 190.48%.

About Herc

Herc Holdings Inc, operating under the Herc Rentals brand, is an equipment rental supplier serving construction, industrial, government, commercial, and other customers. The company provides short- and long-term rentals of equipment used for construction, maintenance, infrastructure, remediation, and event-related projects.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control systems, pumps, trench-safety equipment, tools, and general construction equipment.