Herc Holdings Inc. (NYSE:HRI – Get Free Report) has earned an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $139.20.
A number of research firms have recently weighed in on HRI. Citigroup cut their price objective on shares of Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reissued a “buy” rating and set a $146.00 price target (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Robert W. Baird lowered their price target on shares of Herc from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays lowered their price target on shares of Herc from $250.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th.
Check Out Our Latest Analysis on Herc
Herc Stock Down 4.8%
Herc (NYSE:HRI – Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.21). The business had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter in the previous year, the company earned $2.36 EPS. As a group, equities research analysts anticipate that Herc will post 12.84 EPS for the current year.
Herc Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, May 30th. Herc’s dividend payout ratio is presently 62.36%.
Hedge Funds Weigh In On Herc
A number of large investors have recently added to or reduced their stakes in HRI. Invesco Ltd. raised its position in Herc by 104.7% during the first quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company’s stock worth $400,995,000 after acquiring an additional 1,527,244 shares during the period. Capital World Investors raised its position in Herc by 435.8% during the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company’s stock worth $268,662,000 after acquiring an additional 1,154,182 shares during the period. Norges Bank acquired a new position in Herc during the fourth quarter worth $183,786,000. Coliseum Capital Management LLC raised its position in Herc by 213.4% during the first quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company’s stock worth $175,892,000 after acquiring an additional 891,979 shares during the period. Finally, FMR LLC raised its position in Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock worth $235,748,000 after acquiring an additional 508,359 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Stories
- Five stocks we like better than Herc
- What Do S&P 500 Stocks Tell Investors About the Market?
- IBM Up 10 Days in a Row: What’s Driving the Winning Streak?
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Upstart Stock’s Bull Case Just Got a Lot Stronger
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Higher Gulf Oil Output Puts These Energy Names in Play
Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.