Herc Holdings Inc. (NYSE:HRI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Herc Holdings Inc. (NYSE:HRI) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $170.8571.

HRI has been the topic of a number of analyst reports. KeyCorp set a $200.00 price target on Herc and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Citigroup boosted their target price on shares of Herc from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Baird R W upgraded shares of Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company began coverage on shares of Herc in a research note on Thursday, November 13th. They issued an “overweight” rating and a $170.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd.

Hedge Funds Weigh In On Herc

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Herc in the 1st quarter valued at about $779,000. Intech Investment Management LLC grew its holdings in shares of Herc by 42.2% during the first quarter. Intech Investment Management LLC now owns 16,738 shares of the transportation company’s stock worth $2,247,000 after buying an additional 4,971 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Herc by 15.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 80,484 shares of the transportation company’s stock valued at $9,685,000 after buying an additional 11,032 shares during the last quarter. A&I Financial Services LLC purchased a new position in shares of Herc during the second quarter valued at approximately $636,000. Finally, Ellsworth Advisors LLC acquired a new stake in Herc during the third quarter worth approximately $2,291,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Trading Down 2.3%

Shares of Herc stock opened at $164.16 on Tuesday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of -65.14, a price-to-earnings-growth ratio of 1.58 and a beta of 1.78. Herc has a 52-week low of $96.18 and a 52-week high of $212.19. The company’s 50-day simple moving average is $145.27 and its 200-day simple moving average is $134.91. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.28.

Herc (NYSE:HRI) last announced its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%.The company had revenue of $745.00 million for the quarter. As a group, equities research analysts anticipate that Herc will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were issued a $0.70 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.7%. Herc’s dividend payout ratio is currently -111.11%.

About Herc

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.