Brokerages Set Herc Holdings Inc. (NYSE:HRI) PT at $165.67

Herc Holdings Inc. (NYSE:HRI) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $165.6667.

Several equities research analysts recently issued reports on the company. Weiss Ratings cut Herc from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Wells Fargo & Company boosted their price target on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. cut their price target on Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Citigroup boosted their price target on Herc from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird cut their price target on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th.

Institutional Investors Weigh In On Herc

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of Herc by 8.1% in the third quarter. American Century Companies Inc. now owns 1,301,975 shares of the transportation company’s stock valued at $151,889,000 after buying an additional 97,235 shares during the period. First Trust Advisors LP lifted its stake in Herc by 12.7% during the third quarter. First Trust Advisors LP now owns 752,255 shares of the transportation company’s stock worth $87,758,000 after purchasing an additional 84,586 shares during the last quarter. Natixis Advisors LLC lifted its stake in Herc by 39.0% during the third quarter. Natixis Advisors LLC now owns 115,508 shares of the transportation company’s stock worth $13,475,000 after purchasing an additional 32,426 shares during the last quarter. UBS Group AG lifted its stake in Herc by 83.2% during the fourth quarter. UBS Group AG now owns 189,925 shares of the transportation company’s stock worth $28,181,000 after purchasing an additional 86,282 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in Herc during the third quarter worth $709,000. 93.11% of the stock is currently owned by institutional investors.

Herc Trading Up 3.0%

Shares of NYSE:HRI opened at $149.45 on Friday. Herc has a 12-month low of $88.45 and a 12-month high of $188.35. The stock has a market cap of $4.99 billion, a PE ratio of -553.50, a P/E/G ratio of 26.28 and a beta of 1.89. The business has a 50 day moving average of $121.83 and a 200-day moving average of $137.00. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The business’s revenue was up 32.3% on a year-over-year basis. As a group, equities research analysts forecast that Herc will post 5.31 earnings per share for the current year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, May 29th. Herc’s payout ratio is -1,037.04%.

Herc Company Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.