Brokerages Set Herc Holdings Inc. (NYSE:HRI) PT at $157.71

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $159.6667.

A number of brokerages recently commented on HRI. Citigroup lowered their target price on Herc from $165.00 to $135.00 and set a “buy” rating for the company in a report on Monday, April 13th. JPMorgan Chase & Co. lowered their target price on Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Wells Fargo & Company lowered their target price on Herc from $189.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Zacks Research cut Herc from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Finally, Barclays increased their price target on Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd.

Institutional Investors Weigh In On Herc

A number of hedge funds have recently bought and sold shares of the stock. Midwest Financial Group LLC raised its position in Herc by 14.5% in the 1st quarter. Midwest Financial Group LLC now owns 2,465 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 312 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Herc by 1,777.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 87,116 shares of the transportation company’s stock valued at $8,672,000 after purchasing an additional 82,475 shares in the last quarter. Cardinal Point Capital Management ULC acquired a new stake in Herc in the 1st quarter valued at about $374,000. Hsbc Holdings PLC acquired a new stake in shares of Herc during the 4th quarter worth about $206,000. Finally, Empowered Funds LLC raised its position in shares of Herc by 47.3% during the 4th quarter. Empowered Funds LLC now owns 5,527 shares of the transportation company’s stock worth $820,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Performance

Shares of Herc stock opened at $107.70 on Thursday. The business has a 50-day moving average of $118.89 and a 200 day moving average of $136.38. Herc has a 12 month low of $88.45 and a 12 month high of $188.35. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of -598.32, a price-to-earnings-growth ratio of 24.84 and a beta of 1.81. The company has a debt-to-equity ratio of 4.17, a current ratio of 1.31 and a quick ratio of 1.31.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, February 17th. The transportation company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Herc had a return on equity of 13.21% and a net margin of 0.02%.The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $3.58 EPS. Herc’s revenue for the quarter was up 27.1% on a year-over-year basis. As a group, sell-side analysts forecast that Herc will post 4.16 earnings per share for the current year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.6%. Herc’s dividend payout ratio (DPR) is currently -1,555.56%.

Herc Company Profile

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.