Herc Holdings Inc. (NYSE:HRI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Herc Holdings Inc. (NYSE:HRI) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $165.6667.

Several research analysts have recently commented on HRI shares. KeyCorp decreased their price objective on Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Weiss Ratings downgraded Herc from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday. Robert W. Baird cut their target price on Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Finally, Citigroup raised their target price on Herc from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th.

Herc Stock Up 0.3%

HRI opened at $141.74 on Friday. The company has a market cap of $4.73 billion, a P/E ratio of -524.97, a P/E/G ratio of 25.60 and a beta of 1.89. The business’s 50-day moving average price is $123.57 and its 200-day moving average price is $137.22. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. 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, April 28th. The transportation company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.42. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. On average, equities analysts expect that Herc will post 5.31 EPS for the current year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. Herc’s dividend payout ratio (DPR) is presently -1,037.04%.

Institutional Trading of Herc

Large investors have recently modified their holdings of the business. Hantz Financial Services Inc. grew its stake in shares of Herc by 342.1% in the fourth quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Herc in the third quarter worth about $31,000. Advisory Services Network LLC bought a new stake in shares of Herc in the third quarter worth about $35,000. Smartleaf Asset Management LLC grew its stake in shares of Herc by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock worth $51,000 after purchasing an additional 111 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Herc in the third quarter worth about $40,000. 93.11% of the stock is owned by institutional investors.

Herc Company Profile

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.