Herc Holdings Inc. (HRI) – What Are Researchers Saying About This Stock?

Herc Holdings Inc. (NYSE:HRI) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $174.86.

A number of research firms recently issued reports on HRI. JPMorgan Chase & Co. raised shares of Herc from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $165.00 to $175.00 in a research note on Thursday, September 10th. KeyCorp raised their price objective on shares of Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Zacks Research raised Herc from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Weiss Ratings upgraded Herc from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Finally, BNP Paribas Exane upped their target price on Herc from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th.

Herc Stock Down 4.3%

Shares of Herc stock opened at $123.23 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.22. The company’s fifty day simple moving average is $145.71 and its two-hundred day simple moving average is $137.90. The company has a market cap of $4.12 billion, a P/E ratio of 83.83 and a beta of 2.04. Herc has a 12-month low of $88.45 and a 12-month high of $188.35.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.76 by $0.67. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. Herc had a net margin of 1.01% and a return on equity of 10.33%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.87 EPS. Research analysts anticipate that Herc will post 7.05 EPS for the current year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 2nd. Herc’s dividend payout ratio (DPR) is presently 190.48%.

Institutional Investors Weigh In On Herc

Several hedge funds have recently made changes to their positions in HRI. State of Wyoming grew its holdings in Herc by 21.0% in the first quarter. State of Wyoming now owns 616 shares of the transportation company’s stock worth $61,000 after purchasing an additional 107 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Herc in the 2nd quarter worth approximately $68,000. NewEdge Advisors LLC increased its position in Herc by 61.4% during the 1st quarter. NewEdge Advisors LLC now owns 694 shares of the transportation company’s stock valued at $69,000 after buying an additional 264 shares in the last quarter. Nykredit A S bought a new stake in Herc in the second quarter worth $133,000. Finally, Arthur M. Cohen & Associates LLC purchased a new stake in shares of Herc in the fourth quarter worth $208,000. 93.11% of the stock is currently owned by institutional investors.

Herc Company Profile

Herc Holdings Inc is an equipment rental supplier operating under the Herc Rentals brand. The company provides construction, industrial, commercial and government customers with access to equipment and related services without requiring them to purchase and maintain their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, and general construction tools. Herc Rentals also offers specialty equipment and services for power generation, climate control, pumps, remediation, trench safety, and other specialized project requirements.