Herc Holdings Inc. (NYSE:HRI) Receives $153.00 Consensus Price Target from Analysts

Shares of Herc Holdings Inc. (NYSE:HRIGet Free Report) have earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $153.00.

A number of research firms recently weighed in on HRI. Robert W. Baird boosted their price target on shares of Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. The Goldman Sachs Group boosted their target price on shares of Herc from $155.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. StockNews.com upgraded shares of Herc from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. began coverage on shares of Herc in a report on Friday. They issued a “neutral” rating and a $155.00 target price on the stock.

Check Out Our Latest Report on Herc

Herc Stock Performance

HRI opened at $132.60 on Friday. The firm has a market capitalization of $3.77 billion, a PE ratio of 10.95, a PEG ratio of 0.65 and a beta of 2.17. Herc has a twelve month low of $100.17 and a twelve month high of $171.00. The firm’s 50-day moving average price is $152.00 and its 200 day moving average price is $148.98. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.95.

Herc (NYSE:HRIGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.12). The business had revenue of $804.00 million for the quarter. Herc had a return on equity of 28.68% and a net margin of 10.31%. As a group, sell-side analysts expect that Herc will post 14.59 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, May 30th. Herc’s dividend payout ratio (DPR) is 21.97%.

Insider Activity

In other news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at approximately $6,560,647.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at approximately $6,560,647.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lawrence Harris Silber sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $158.81, for a total transaction of $3,176,200.00. Following the completion of the sale, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,996 shares of company stock valued at $5,656,956. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Herc

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Herc during the 1st quarter worth approximately $31,000. Signaturefd LLC lifted its holdings in Herc by 213.3% during the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after buying an additional 160 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Herc by 576.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock worth $46,000 after buying an additional 265 shares in the last quarter. CWM LLC lifted its holdings in Herc by 45.3% during the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after buying an additional 112 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Herc during the 4th quarter worth approximately $108,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

About Herc

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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.

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Analyst Recommendations for Herc (NYSE:HRI)

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