Herc Holdings Inc. (NYSE:HRI) Receives $173.43 Consensus Price Target from Analysts

Herc Holdings Inc. (NYSE:HRI) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $173.4286.

HRI has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BNP Paribas Exane initiated coverage on shares of Herc in a research report on Monday, June 29th. They issued a “neutral” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Herc from $140.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Zacks Research upgraded shares of Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Citigroup upped their target price on shares of Herc from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th.

Institutional Trading of Herc

Large investors have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in Herc by 11.2% during the third quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock worth $481,040,000 after acquiring an additional 413,719 shares in the last quarter. Norges Bank bought a new stake in shares of Herc in the fourth quarter worth about $287,269,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Herc by 86,823.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,335,138 shares of the transportation company’s stock worth $198,108,000 after purchasing an additional 1,333,602 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Herc by 17.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,164,022 shares of the transportation company’s stock worth $115,872,000 after purchasing an additional 170,189 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Herc by 13.4% during the 1st quarter. First Trust Advisors LP now owns 873,338 shares of the transportation company’s stock valued at $86,941,000 after purchasing an additional 103,047 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Stock Down 1.7%

NYSE:HRI opened at $159.85 on Friday. Herc has a 12-month low of $88.45 and a 12-month high of $188.35. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $5.34 billion, a P/E ratio of -592.02, a P/E/G ratio of 29.52 and a beta of 1.88. The stock’s fifty day simple moving average is $143.34 and its 200-day simple moving average is $137.10.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. The firm’s quarterly revenue was up 32.3% compared to the same quarter last year. Equities research analysts expect that Herc will post 5.3 earnings per share for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, May 29th. Herc’s dividend payout ratio (DPR) is currently -1,037.04%.

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.