Herc Holdings Inc. (NYSE:HRI) Receives $157.71 Average Target Price from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $157.7143.

Several research firms have recently commented on HRI. KeyCorp dropped their price objective on shares of Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Robert W. Baird dropped their price objective on shares of Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a report on Thursday, January 22nd. Barclays upped their price objective on shares of Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Citigroup dropped their price objective on shares of Herc from $165.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, April 13th.

Hedge Funds Weigh In On Herc

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Herc by 4.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,608 shares of the transportation company’s stock valued at $239,000 after purchasing an additional 72 shares during the period. AlphaQuest LLC lifted its stake 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 purchasing an additional 74 shares during the period. Midwest Financial Group LLC lifted its stake in shares of Herc by 3.6% in the 4th quarter. Midwest Financial Group LLC now owns 2,153 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 75 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of Herc by 2.8% in the 4th quarter. Wealthspire Advisors LLC now owns 2,717 shares of the transportation company’s stock valued at $403,000 after purchasing an additional 75 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Herc by 53.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 86 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Up 5.9%

HRI stock opened at $110.23 on Thursday. The firm’s fifty day simple moving average is $123.18 and its 200-day simple moving average is $136.71. The company has a market capitalization of $3.68 billion, a P/E ratio of -612.37, a price-to-earnings-growth ratio of 18.45 and a beta of 1.81. The company has a debt-to-equity ratio of 4.17, a current ratio of 1.31 and a quick ratio of 1.31. Herc has a 12 month low of $88.45 and a 12 month high of $188.35.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, February 17th. The transportation company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Herc had a net margin of 0.02% and a return on equity of 13.21%. The business’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.58 EPS. As a group, equities research analysts forecast that Herc will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, February 18th. Herc’s payout ratio is currently -1,555.56%.

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.