Shares of Herc Holdings Inc. (NYSE:HRI) have received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat 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 1-year price target among analysts that have issued a report on the stock in the last year is $58.33.

A number of research analysts have recently issued reports on the company. ValuEngine lowered Herc from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Royal Bank of Canada dropped their target price on Herc to $60.00 and set an “outperform” rating on the stock in a report on Friday, November 9th. Barclays set a $60.00 target price on Herc and gave the company a “buy” rating in a report on Friday, November 9th. Northcoast Research raised Herc from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Monday, October 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Herc from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th.

In related news, Director Herbert L. Henkel bought 10,000 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average price of $34.68 per share, with a total value of $346,800.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $346,800. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.45% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL grew its holdings in Herc by 3.4% during the third quarter. Gamco Investors INC. ET AL now owns 3,513,149 shares of the transportation company’s stock worth $179,873,000 after acquiring an additional 114,502 shares during the period. BlackRock Inc. grew its holdings in Herc by 7.0% during the second quarter. BlackRock Inc. now owns 1,671,377 shares of the transportation company’s stock worth $94,167,000 after acquiring an additional 109,882 shares during the period. Gabelli Funds LLC grew its holdings in Herc by 1.2% during the third quarter. Gabelli Funds LLC now owns 1,219,715 shares of the transportation company’s stock worth $62,449,000 after acquiring an additional 14,780 shares during the period. Dimensional Fund Advisors LP grew its holdings in Herc by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,010,867 shares of the transportation company’s stock worth $51,757,000 after acquiring an additional 24,760 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Herc by 77.9% during the second quarter. Bank of New York Mellon Corp now owns 624,247 shares of the transportation company’s stock worth $35,171,000 after acquiring an additional 273,404 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HRI traded down $0.99 during trading on Friday, reaching $30.45. The company had a trading volume of 303,900 shares, compared to its average volume of 231,568. The firm has a market cap of $901.40 million, a P/E ratio of -95.16 and a beta of 2.75. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 4.22. Herc has a fifty-two week low of $30.22 and a fifty-two week high of $72.99.

Herc (NYSE:HRI) last released its earnings results on Thursday, November 8th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.67. The business had revenue of $516.20 million for the quarter, compared to analyst estimates of $499.86 million. Herc had a return on equity of 9.58% and a net margin of 12.99%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Research analysts forecast that Herc will post 2.34 EPS for the current fiscal year.

About Herc

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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Analyst Recommendations for Herc (NYSE:HRI)

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