Brokerages Set Herc Holdings Inc. (NYSE:HRI) PT at $181.43

Herc Holdings Inc. (NYSE:HRI) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $181.4286.

A number of equities research analysts have weighed in on HRI shares. JPMorgan Chase & Co. upped their price target on shares of Herc from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Citigroup increased their target price on shares of Herc from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Barclays lifted their price target on shares of Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. KeyCorp set a $200.00 price target on Herc and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Wells Fargo & Company raised their price objective on Herc from $170.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd.

Herc Stock Up 4.6%

HRI opened at $149.95 on Friday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $4.99 billion, a PE ratio of -59.50, a P/E/G ratio of 1.33 and a beta of 1.77. The stock’s fifty day moving average is $152.68 and its 200-day moving average is $136.79. Herc has a one year low of $96.18 and a one year high of $211.88.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were given a $0.70 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.9%. Herc’s dividend payout ratio (DPR) is -111.11%.

Hedge Funds Weigh In On Herc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HRI. Invesco Ltd. raised its stake in shares of Herc by 11.2% during the 3rd quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock worth $481,040,000 after purchasing an additional 413,719 shares in the last quarter. Norges Bank acquired a new position in Herc in the second quarter worth approximately $242,697,000. American Century Companies Inc. raised its position in Herc by 8.1% during the third quarter. American Century Companies Inc. now owns 1,301,975 shares of the transportation company’s stock valued at $151,889,000 after acquiring an additional 97,235 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Herc by 2.4% during the second quarter. Gamco Investors INC. ET AL now owns 1,113,836 shares of the transportation company’s stock valued at $146,681,000 after acquiring an additional 25,634 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Herc by 34.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 943,722 shares of the transportation company’s stock worth $110,095,000 after acquiring an additional 243,320 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.