Herc Holdings Inc. (NYSE:HRI) Given Average Recommendation of “Hold” by Brokerages

Herc Holdings Inc. (NYSE:HRI) has been given a consensus rating of “Hold” by the nine research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $164.8571.

A number of analysts recently commented on HRI shares. Weiss Ratings cut shares of Herc from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. BNP Paribas Exane started coverage on shares of Herc in a research note on Monday. They issued a “neutral” rating and a $160.00 target price for the company. Wells Fargo & Company upped their target price on shares of Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Zacks Research raised shares of Herc from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th.

Hedge Funds Weigh In On Herc

A number of large investors have recently modified their holdings of HRI. AQR Capital Management LLC boosted its stake in shares of Herc by 176.9% during the 1st quarter. AQR Capital Management LLC now owns 25,782 shares of the transportation company’s stock worth $3,462,000 after buying an additional 16,470 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Herc by 25.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 263,180 shares of the transportation company’s stock worth $35,337,000 after buying an additional 53,054 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Herc during the 2nd quarter worth about $267,000. Federated Hermes Inc. boosted its stake in shares of Herc by 12,425.7% during the 2nd quarter. Federated Hermes Inc. now owns 20,918 shares of the transportation company’s stock worth $2,755,000 after buying an additional 20,751 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Herc by 9.0% during the 2nd quarter. California Public Employees Retirement System now owns 53,728 shares of the transportation company’s stock worth $7,075,000 after buying an additional 4,451 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of Herc stock opened at $145.67 on Tuesday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. Herc has a 52 week low of $88.45 and a 52 week high of $188.35. The firm has a fifty day moving average of $135.77 and a two-hundred day moving average of $138.23. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of -539.53, a PEG ratio of 27.39 and a beta of 1.89.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.42. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. As a group, equities research analysts predict that Herc will post 5.31 EPS for the current year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a yield of 1.9%. Herc’s dividend payout ratio is presently -1,037.04%.

About Herc

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.