Herc Holdings Inc. (NYSE:HRI) Receives Consensus Rating of “Hold” from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI) have earned a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $153.00.

HRI has been the topic of a number of analyst reports. StockNews.com lowered Herc from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. assumed coverage on Herc in a research report on Friday, June 7th. They set a “neutral” rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th.

Herc Stock Down 3.1 %

Shares of NYSE HRI opened at $129.19 on Tuesday. The stock’s fifty day moving average is $143.16 and its 200 day moving average is $149.59. Herc has a 52 week low of $100.17 and a 52 week high of $171.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $3.67 billion, a P/E ratio of 10.67, a PEG ratio of 0.67 and a beta of 2.09.

Herc (NYSE:HRI) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.12). The business had revenue of $804.00 million during the quarter. Herc had a net margin of 10.31% and a return on equity of 28.68%. Sell-side analysts forecast that Herc will post 14.1 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, May 30th. Herc’s payout ratio is 21.97%.

Insider Buying and Selling

In related news, CEO Lawrence Harris Silber sold 20,000 shares of Herc stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the transaction, the chief executive officer now directly owns 213,382 shares in the company, valued at approximately $33,887,195.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Lawrence Harris Silber sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $158.81, for a total transaction of $3,176,200.00. Following the completion of the transaction, the chief executive officer now owns 213,382 shares of the company’s stock, valued at $33,887,195.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Christian J. Cunningham sold 6,607 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $155.37, for a total transaction of $1,026,529.59. Following the completion of the sale, the senior vice president now owns 60,029 shares in the company, valued at $9,326,705.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,451 shares of company stock valued at $5,092,946. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Herc

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its position in shares of Herc by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 4,973 shares of the transportation company’s stock valued at $740,000 after purchasing an additional 74 shares during the last quarter. CWM LLC raised its stake in shares of Herc by 45.3% during the fourth quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after acquiring an additional 112 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Herc by 213.3% in the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after acquiring an additional 160 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Herc in the 1st quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 208 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.