Herc (NYSE:HRI) Upgraded at KeyCorp

KeyCorp upgraded shares of Herc (NYSE:HRI) from a sector weight rating to an overweight rating in a research note published on Tuesday, Marketbeat.com reports. KeyCorp currently has $200.00 price objective on the transportation company’s stock. KeyCorp also issued estimates for Herc’s Q1 2026 earnings at $1.06 EPS, Q2 2026 earnings at $1.78 EPS and FY2026 earnings at $8.40 EPS.

Several other research firms have also weighed in on HRI. JPMorgan Chase & Co. raised their target price on Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Citigroup increased their price objective on Herc from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on Herc in a report on Thursday, November 13th. They set an “overweight” rating and a $170.00 price target on the stock. Finally, Robert W. Baird set a $200.00 price target on shares of Herc in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.86.

Herc Stock Performance

Shares of NYSE HRI opened at $154.95 on Tuesday. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.22 and a quick ratio of 1.22. Herc has a one year low of $96.18 and a one year high of $212.19. The business’s 50-day moving average price is $136.21 and its two-hundred day moving average price is $130.13. The company has a market capitalization of $5.16 billion, a P/E ratio of -61.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.81.

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

Herc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, December 15th. Herc’s dividend payout ratio is presently -111.11%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HRI. CIBC Private Wealth Group LLC raised its position in Herc by 25.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,191 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 445 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Herc in the third quarter valued at $407,000. Danske Bank A S acquired a new stake in shares of Herc in the third quarter valued at $660,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Herc in the third quarter valued at about $40,000. Finally, Advisory Services Network LLC acquired a new position in Herc during the 3rd quarter worth about $35,000. 93.11% of the stock is owned by 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.