Herc (NYSE:HRI) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of Herc (NYSE:HRI) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $165.00 price objective on the transportation company’s stock.

Separately, The Goldman Sachs Group decreased their target price on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.20.

Herc Stock Performance

HRI opened at $142.66 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc has a 12-month low of $119.60 and a 12-month high of $246.88. The business has a 50 day moving average of $172.82 and a 200-day moving average of $184.11. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.61 and a beta of 2.14.

Herc (NYSE:HRI) last announced its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. On average, equities research analysts expect that Herc will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.70 per share. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 1.96%. Herc’s payout ratio is presently 37.79%.

Institutional Trading of Herc

A number of hedge funds have recently added to or reduced their stakes in HRI. Argent Capital Management LLC boosted its holdings in shares of Herc by 38.2% during the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock valued at $1,308,000 after acquiring an additional 1,910 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Herc in the fourth quarter valued at about $5,377,000. State Street Corp boosted its stake in shares of Herc by 0.5% during the third quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after purchasing an additional 3,006 shares in the last quarter. TT International Asset Management LTD boosted its stake in shares of Herc by 324.6% during the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock valued at $2,287,000 after purchasing an additional 10,967 shares in the last quarter. Finally, Motley Fool Wealth Management LLC grew its holdings in shares of Herc by 26.4% during the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock worth $13,211,000 after purchasing an additional 17,315 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Company Profile

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.