Brokerages Set Herc Holdings Inc. (NYSE:HRI) PT at $202.20

Herc Holdings Inc. (NYSE:HRI) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $202.20.

Several research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Herc in a report on Monday, March 24th. They set a “buy” rating and a $165.00 target price on the stock. The Goldman Sachs Group lowered their price objective on Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its stake in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after buying an additional 167 shares during the last quarter. Quarry LP boosted its holdings in shares of Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after acquiring an additional 80 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Herc in the 4th quarter worth about $59,000. Finally, PNC Financial Services Group Inc. raised its position in Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Stock Down 0.5 %

HRI stock opened at $138.91 on Monday. Herc has a fifty-two week low of $119.60 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.61 and a beta of 2.14. The business’s fifty day moving average price is $167.84 and its two-hundred day moving average price is $184.32.

Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. On average, equities analysts anticipate that Herc will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio (DPR) is currently 37.79%.

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.