Brokerages Set Herc Holdings Inc. (NYSE:HRI) PT at $166.00

Herc Holdings Inc. (NYSE:HRI) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $170.8571.

Several brokerages recently issued reports on HRI. Robert W. Baird set a $200.00 target price on shares of Herc in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on shares of Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Citigroup upped their price objective on Herc from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. Finally, Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st.

Institutional Investors Weigh In On Herc

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in Herc by 53.1% during the third quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 86 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Herc during the 3rd quarter valued at $31,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Herc during the 2nd quarter valued at $36,000. Advisory Services Network LLC bought a new position in Herc in the 3rd quarter worth $35,000. Finally, Byrne Asset Management LLC purchased a new stake in Herc in the 2nd quarter worth $45,000. Institutional investors own 93.11% of the company’s stock.

Herc Trading Up 1.9%

NYSE:HRI opened at $156.33 on Friday. The company has a market cap of $5.20 billion, a PE ratio of -62.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.28. The company has a 50 day simple moving average of $134.93 and a two-hundred day simple moving average of $129.78. Herc has a 12 month low of $96.18 and a 12 month high of $212.19.

Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%.The firm had revenue of $745.00 million for the quarter. Research analysts forecast that Herc will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, December 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.8%. Herc’s payout ratio is -111.11%.

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.