Herc Holdings Inc. (NYSE:HRI) Receives Average Rating of “Hold” from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $165.6667.

HRI has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Tuesday, April 21st. Wells Fargo & Company upped their target price on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Barclays upped their target price on Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. KeyCorp dropped their target price on Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Finally, Citigroup upped their target price on Herc from $135.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, April 30th.

Herc Price Performance

NYSE HRI opened at $138.74 on Monday. The stock’s 50-day moving average price is $113.43 and its two-hundred day moving average price is $137.07. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. The company has a market cap of $4.63 billion, a PE ratio of -513.85, a PEG ratio of 25.02 and a beta of 1.90. Herc has a 1 year low of $88.45 and a 1 year high of $188.35.

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

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.70 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. Herc’s dividend payout ratio is currently -1,037.04%.

Hedge Funds Weigh In On Herc

A number of large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Herc in the 4th quarter valued at approximately $287,269,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Herc by 86,823.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,335,138 shares of the transportation company’s stock valued at $198,108,000 after buying an additional 1,333,602 shares in the last quarter. Freestone Grove Partners LP grew its stake in shares of Herc by 667.9% in the 4th quarter. Freestone Grove Partners LP now owns 573,149 shares of the transportation company’s stock valued at $85,044,000 after buying an additional 498,511 shares in the last quarter. Invesco Ltd. grew its stake in shares of Herc by 11.2% in the 3rd quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock valued at $481,040,000 after buying an additional 413,719 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Herc by 305.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 425,582 shares of the transportation company’s stock valued at $63,148,000 after buying an additional 320,649 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

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.