Herc Holdings Inc. (NYSE:HRI) Stock Has Consensus Price Target of $201.57

Herc Holdings Inc. (NYSE:HRI) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $201.57.

HRI has been the subject of a number of analyst reports. KeyCorp raised their price objective on shares of Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company lifted their target price on shares of Herc from $176.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. BNP Paribas Exane upped their target price on shares of Herc from $165.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Herc in a research report on Monday, October 26th. Finally, Citigroup increased their price target on shares of Herc from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th.

Herc Stock Performance

Shares of NYSE HRI opened at $158.25 on Monday. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 22.31 and a beta of 1.99. Herc has a one year low of $88.45 and a one year high of $188.35. The business has a fifty day simple moving average of $139.73 and a 200 day simple moving average of $139.47. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.08.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, October 27th. The transportation company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.99. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Herc had a net margin of 2.50% and a return on equity of 13.21%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.22 earnings per share. Sell-side analysts expect that Herc will post 7.87 EPS for the current year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, September 2nd. Herc’s dividend payout ratio is currently 76.29%.

Hedge Funds Weigh In On Herc

A number of hedge funds have recently modified their holdings of HRI. Dimensional Fund Advisors LP boosted its stake in shares of Herc by 17.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,164,022 shares of the transportation company’s stock valued at $115,872,000 after purchasing an additional 170,189 shares in the last quarter. First Trust Advisors LP increased its position 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 worth $86,941,000 after purchasing an additional 103,047 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Herc during the 2nd quarter worth about $86,054,000. Allspring Global Investments Holdings LLC lifted its holdings in Herc by 65.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,458 shares of the transportation company’s stock valued at $41,992,000 after purchasing an additional 126,263 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Herc by 147.8% during the 1st quarter. Bank of America Corp DE now owns 235,320 shares of the transportation company’s stock valued at $23,426,000 after purchasing an additional 140,355 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

About Herc

Herc Holdings Inc, operating primarily through the Herc Rentals brand, is an equipment rental supplier serving construction, industrial, commercial and government customers. The company provides access to equipment and related services intended to help customers complete projects without purchasing and maintaining their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power generation and climate-control equipment, pumps, and general tools.