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

Shares of Herc Holdings Inc. (NYSE:HRI) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $139.20.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Citigroup cut their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Robert W. Baird cut their target price on shares of Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays cut their target price on shares of Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th.

Herc Price Performance

Shares of Herc stock opened at $136.58 on Tuesday. The firm has a fifty day simple moving average of $124.00 and a 200-day simple moving average of $170.77. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc has a 1-year low of $96.19 and a 1-year high of $246.88. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. During the same quarter in the previous year, the firm posted $2.36 earnings per share. On average, sell-side analysts expect that Herc will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, May 30th. Herc’s payout ratio is 62.36%.

Hedge Funds Weigh In On Herc

A number of hedge funds and other institutional investors have recently made changes to their positions in HRI. Jones Financial Companies Lllp lifted its holdings in shares of Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after acquiring an additional 167 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Herc by 1,831.3% during the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company’s stock worth $41,000 after acquiring an additional 293 shares during the period. Quarry LP lifted its holdings in shares of Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company’s stock worth $42,000 after acquiring an additional 194 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after acquiring an additional 80 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Herc during the 4th quarter worth about $59,000. 93.11% of the stock is owned by institutional investors.

Herc Company Profile

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.