Herc (NYSE:HRI) PT Raised to $145.00 at Robert W. Baird

Herc (NYSE:HRI) had its price target raised by analysts at Robert W. Baird from $135.00 to $145.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s target price points to a potential upside of 23.02% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Herc from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Thursday, July 8th. Barclays increased their price objective on Herc from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, July 14th. Finally, KeyCorp increased their price objective on Herc from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, July 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $116.80.

Shares of NYSE:HRI traded up $0.42 on Thursday, hitting $117.87. 9,380 shares of the company traded hands, compared to its average volume of 249,483. Herc has a 52 week low of $32.40 and a 52 week high of $118.59. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.18. The business has a 50 day moving average price of $109.91. The company has a market capitalization of $3.49 billion, a P/E ratio of 31.86, a PEG ratio of 0.41 and a beta of 3.08.

Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, July 22nd. The transportation company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.33. Herc had a return on equity of 16.98% and a net margin of 6.13%. The firm had revenue of $490.90 million during the quarter, compared to the consensus estimate of $456.93 million. During the same period last year, the company earned $0.25 earnings per share. The company’s revenue was up 33.4% on a year-over-year basis. On average, equities analysts anticipate that Herc will post 6.39 EPS for the current year.

In other Herc news, SVP Christian J. Cunningham sold 7,829 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $109.99, for a total value of $861,111.71. Following the transaction, the senior vice president now directly owns 36,800 shares of the company’s stock, valued at $4,047,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lawrence Harris Silber sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $110.36, for a total value of $2,759,000.00. Following the completion of the transaction, the chief executive officer now directly owns 141,660 shares in the company, valued at $15,633,597.60. The disclosure for this sale can be found here. Insiders sold 36,791 shares of company stock worth $4,067,818 over the last three months. Insiders own 1.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of Herc by 19.2% during the 1st quarter. US Bancorp DE now owns 881 shares of the transportation company’s stock valued at $89,000 after buying an additional 142 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Herc by 0.9% during the 4th quarter. Federated Hermes Inc. now owns 20,513 shares of the transportation company’s stock valued at $1,363,000 after buying an additional 173 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Herc by 2.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,029 shares of the transportation company’s stock valued at $915,000 after buying an additional 190 shares in the last quarter. Exane Derivatives lifted its position in shares of Herc by 23.6% during the 1st quarter. Exane Derivatives now owns 1,217 shares of the transportation company’s stock valued at $123,000 after buying an additional 232 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in Herc during the 1st quarter valued at approximately $25,000. 95.57% of the stock is currently owned by hedge funds and other 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.

Read More: What are the components of an earnings report?

The Fly logo

Analyst Recommendations for Herc (NYSE:HRI)

Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.