Herc Holdings Inc. (NYSE:HRI) Receives $177.20 Average Price Target from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $177.20.

Several research analysts have recently commented on the company. Citigroup cut their price objective on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Herc in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in shares of Herc by 0.9% during the 4th quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company’s stock valued at $1,482,000 after purchasing an additional 68 shares during the last quarter. Stifel Financial Corp boosted its position in Herc by 4.1% during the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock valued at $322,000 after buying an additional 80 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after buying an additional 80 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Herc by 0.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company’s stock valued at $4,000,000 after buying an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company’s stock worth $558,000 after buying an additional 94 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Down 7.6 %

Shares of NYSE:HRI opened at $103.08 on Friday. The firm has a fifty day moving average price of $136.05 and a two-hundred day moving average price of $179.60. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.61 and a beta of 1.93. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc has a one year low of $96.19 and a one year high of $246.88.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($1.16). The business had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same period in the prior year, the business posted $2.36 EPS. Analysts anticipate that Herc will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.72%. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is currently 37.79%.

About Herc

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.