Herc (NYSE:HRI) PT Raised to $175.00 at Barclays

Herc (NYSE:HRIGet Rating) had its price target boosted by research analysts at Barclays from $160.00 to $175.00 in a research note issued on Friday, The Fly reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 18.40% from the stock’s previous close.

HRI has been the subject of several other research reports. StockNews.com initiated coverage on Herc in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. KeyCorp increased their target price on Herc from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 22nd. Finally, The Goldman Sachs Group decreased their target price on Herc from $168.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.83.

Herc Trading Down 1.2 %

NYSE HRI opened at $147.80 on Friday. Herc has a fifty-two week low of $83.43 and a fifty-two week high of $175.00. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day simple moving average of $131.94 and a two-hundred day simple moving average of $118.20. The stock has a market cap of $4.32 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.53 and a beta of 2.45.

Herc (NYSE:HRIGet Rating) last released its quarterly earnings data on Thursday, October 20th. The transportation company reported $3.42 earnings per share for the quarter, missing the consensus estimate of $3.52 by ($0.10). Herc had a return on equity of 30.20% and a net margin of 12.01%. The business had revenue of $745.10 million during the quarter. On average, analysts forecast that Herc will post 11.4 earnings per share for the current year.

Insider Buying and Selling at Herc

In other Herc news, major shareholder Carl C. Icahn sold 39,700 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $132.99, for a total transaction of $5,279,703.00. Following the sale, the insider now directly owns 3,975,421 shares in the company, valued at approximately $528,691,238.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Herc news, major shareholder Carl C. Icahn sold 39,700 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $132.99, for a total transaction of $5,279,703.00. Following the sale, the insider now directly owns 3,975,421 shares in the company, valued at approximately $528,691,238.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Irion sold 4,194 shares of the stock in a transaction on Friday, December 9th. The shares were sold at an average price of $131.37, for a total value of $550,965.78. Following the sale, the chief financial officer now owns 47,520 shares in the company, valued at $6,242,702.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,923 shares of company stock worth $23,853,997. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Herc

Institutional investors and hedge funds have recently modified their holdings of the company. Reliant Investment Management LLC purchased a new position in shares of Herc in the 2nd quarter worth $2,818,000. PFS Investments Inc. boosted its stake in shares of Herc by 13.1% in the 2nd quarter. PFS Investments Inc. now owns 18,417 shares of the transportation company’s stock worth $1,660,000 after buying an additional 2,135 shares during the last quarter. Brandywine Oak Private Wealth LLC boosted its stake in shares of Herc by 71.4% in the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 3,061 shares of the transportation company’s stock worth $275,000 after buying an additional 1,275 shares during the last quarter. Nordea Investment Management AB lifted its position in Herc by 2.2% during the second quarter. Nordea Investment Management AB now owns 129,795 shares of the transportation company’s stock valued at $11,370,000 after purchasing an additional 2,815 shares in the last quarter. Finally, John G Ullman & Associates Inc. purchased a new position in Herc during the third quarter valued at $2,511,000. 96.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Articles

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.