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

Shares of Herc Holdings Inc. (NYSE:HRI – Get Rating) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $181.50.

A number of equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Herc in a research note on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company boosted their target price on shares of Herc from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. KeyCorp decreased their price objective on shares of Herc to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, May 18th. Finally, Robert W. Baird decreased their price objective on shares of Herc from $161.00 to $158.00 in a research note on Thursday, April 21st.

NYSE:HRI opened at $89.47 on Wednesday. The company has a fifty day simple moving average of $121.00 and a two-hundred day simple moving average of $145.41. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.23 and a beta of 2.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.23. Herc has a 52 week low of $88.05 and a 52 week high of $203.14.

Herc (NYSE:HRI – Get Rating) last posted its quarterly earnings results on Thursday, April 21st. The transportation company reported $1.95 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.01). The business had revenue of $567.30 million during the quarter, compared to analyst estimates of $552.77 million. Herc had a return on equity of 27.26% and a net margin of 11.42%. The business’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. On average, analysts expect that Herc will post 12.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 27th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.57%. Herc’s payout ratio is 28.05%.

Several large investors have recently made changes to their positions in HRI. First Trust Advisors LP raised its holdings in shares of Herc by 95.0% in the first quarter. First Trust Advisors LP now owns 81,865 shares of the transportation company’s stock valued at $3,191,000 after buying an additional 39,880 shares during the last quarter. Morgan Stanley raised its holdings in shares of Herc by 193.7% in the second quarter. Morgan Stanley now owns 105,740 shares of the transportation company’s stock valued at $11,850,000 after buying an additional 69,741 shares during the last quarter. HighTower Advisors LLC raised its holdings in Herc by 2.4% during the third quarter. HighTower Advisors LLC now owns 4,233 shares of the transportation company’s stock worth $693,000 after purchasing an additional 98 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Herc during the third quarter worth about $357,000. Finally, Marshall Wace LLP purchased a new position in Herc during the third quarter worth about $491,000.

About Herc (Get Rating)

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.

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