Herc Holdings Inc. (NYSE:HRI) Receives $170.86 Consensus PT from Analysts

Herc Holdings Inc. (NYSE:HRI) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $170.8571.

A number of equities analysts have recently commented on HRI shares. Wall Street Zen raised Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. KeyCorp set a $200.00 price objective on shares of Herc and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company assumed coverage on shares of Herc in a research note on Thursday, November 13th. They set an “overweight” rating and a $170.00 target price for the company.

Herc Stock Up 4.8%

HRI stock opened at $169.17 on Tuesday. Herc has a one year low of $96.18 and a one year high of $212.19. The firm has a market cap of $5.63 billion, a PE ratio of -67.13, a PEG ratio of 1.52 and a beta of 1.78. The firm’s 50 day moving average price is $144.18 and its 200-day moving average price is $134.22. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22.

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

Herc Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HRI. Invesco Ltd. increased its stake in shares of Herc by 11.2% during the third quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock worth $481,040,000 after acquiring an additional 413,719 shares during the period. Norges Bank acquired a new position in Herc during the 2nd quarter worth approximately $242,697,000. American Century Companies Inc. raised its stake in shares of Herc by 8.1% during the 3rd quarter. American Century Companies Inc. now owns 1,301,975 shares of the transportation company’s stock worth $151,889,000 after buying an additional 97,235 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Herc by 2.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,113,836 shares of the transportation company’s stock worth $146,681,000 after buying an additional 25,634 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Herc by 34.7% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 943,722 shares of the transportation company’s stock valued at $110,095,000 after buying an additional 243,320 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.