StockNews.com Begins Coverage on Herc (NYSE:HRI)

Stock analysts at StockNews.com began coverage on shares of Herc (NYSE:HRI – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the stock. KeyCorp cut their price objective on shares of Herc from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, April 21st. Bank of America cut their price target on shares of Herc from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, April 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.00.

Herc Stock Performance

Shares of HRI stock opened at $105.33 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.06. The firm has a fifty day moving average price of $107.08 and a 200 day moving average price of $127.23. The company has a market cap of $3.00 billion, a P/E ratio of 9.33, a PEG ratio of 0.49 and a beta of 2.46. Herc has a 12 month low of $83.43 and a 12 month high of $162.46.

Herc (NYSE:HRI – Get Rating) last issued its earnings results on Tuesday, February 14th. The transportation company reported $3.44 EPS for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.06). The firm had revenue of $786.00 million for the quarter, compared to analyst estimates of $773.29 million. Herc had a return on equity of 32.23% and a net margin of 11.62%. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 EPS. Sell-side analysts predict that Herc will post 13.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Herc news, CEO Lawrence Harris Silber sold 16,714 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $149.95, for a total transaction of $2,506,264.30. Following the transaction, the chief executive officer now directly owns 227,393 shares of the company’s stock, valued at approximately $34,097,580.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Herc news, COO Aaron Birnbaum sold 6,141 shares of Herc stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $141.69, for a total value of $870,118.29. Following the transaction, the chief operating officer now directly owns 44,809 shares in the company, valued at approximately $6,348,987.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lawrence Harris Silber sold 16,714 shares of Herc stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $149.95, for a total value of $2,506,264.30. Following the completion of the transaction, the chief executive officer now owns 227,393 shares in the company, valued at $34,097,580.35. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Herc

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Herc by 51.3% in the first quarter. BlackRock Inc. now owns 2,589,703 shares of the transportation company’s stock valued at $294,967,000 after acquiring an additional 878,615 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Herc by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,442,460 shares of the transportation company’s stock valued at $253,723,000 after buying an additional 14,108 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Herc by 0.3% in the third quarter. Alliancebernstein L.P. now owns 2,151,329 shares of the transportation company’s stock valued at $223,480,000 after buying an additional 6,855 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Herc by 30.1% in the first quarter. Invesco Ltd. now owns 1,128,905 shares of the transportation company’s stock valued at $188,630,000 after buying an additional 261,276 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Herc by 25.8% in the first quarter. Bank of America Corp DE now owns 565,496 shares of the transportation company’s stock valued at $64,410,000 after buying an additional 116,106 shares in the last quarter. Hedge funds and other institutional investors own 96.85% of the company’s stock.

Herc Company Profile

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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.