Herc (NYSE:HRI) PT Raised to $240.00

Herc (NYSE:HRI) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $200.00 to $240.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 20.77% from the company’s previous close.

A number of other brokerages have also recently weighed in on HRI. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird reiterated a “neutral” rating and set a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $180.75.

Herc Trading Up 17.5 %

NYSE HRI opened at $198.72 on Wednesday. The company has a fifty day simple moving average of $151.27 and a two-hundred day simple moving average of $146.37. The stock has a market cap of $5.64 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.00 and a beta of 2.07. Herc has a 12-month low of $100.17 and a 12-month high of $202.30. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13). The company had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $931.33 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.00 earnings per share. On average, analysts forecast that Herc will post 13.68 earnings per share for the current year.

Insider Buying and Selling

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Herc news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the sale, the senior vice president now owns 35,415 shares in the company, valued at $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Herc

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after buying an additional 61 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Herc by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock valued at $686,000 after buying an additional 108 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Herc by 3.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,086 shares of the transportation company’s stock worth $811,000 after purchasing an additional 178 shares during the period. Mackenzie Financial Corp boosted its position in Herc by 5.2% during the second quarter. Mackenzie Financial Corp now owns 3,758 shares of the transportation company’s stock worth $501,000 after purchasing an additional 185 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Herc during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Company Profile

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.