Herc Holdings Inc. (NYSE:HRI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $166.00.

A number of brokerages have recently commented on HRI. Wall Street Zen raised Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Baird R W upgraded shares of Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Robert W. Baird set a $200.00 price objective on shares of Herc in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. Finally, Citigroup boosted their target price on shares of Herc from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday.

Herc Trading Up 1.8%

Shares of NYSE HRI opened at $153.28 on Friday. The stock has a fifty day simple moving average of $133.18 and a 200-day simple moving average of $129.19. Herc has a twelve month low of $96.18 and a twelve month high of $213.27. The stock has a market capitalization of $5.10 billion, a PE ratio of -60.83, a PEG ratio of 1.52 and a beta of 1.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.28.

Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. The business had revenue of $745.00 million for the quarter. Herc had a negative net margin of 1.68% and a positive return on equity of 16.32%. On average, equities analysts forecast that Herc will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, December 15th. Herc’s dividend payout ratio (DPR) is -111.11%.

Hedge Funds Weigh In On Herc

Several hedge funds have recently added to or reduced their stakes in HRI. AlphaQuest LLC grew its position in shares of Herc by 20.3% in the 3rd quarter. AlphaQuest LLC now owns 438 shares of the transportation company’s stock valued at $51,000 after buying an additional 74 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Herc by 53.1% during the third quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock worth $29,000 after purchasing an additional 86 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Herc by 0.4% during the third quarter. Salem Investment Counselors Inc. now owns 21,721 shares of the transportation company’s stock worth $2,534,000 after purchasing an additional 95 shares during the last quarter. Cornerstone Investment Partners LLC increased its position in shares of Herc by 2.3% during the third quarter. Cornerstone Investment Partners LLC now owns 4,310 shares of the transportation company’s stock worth $503,000 after purchasing an additional 97 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Herc by 5.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,051 shares of the transportation company’s stock valued at $270,000 after purchasing an additional 100 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Company Profile

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.