Brokerages Set Herc Holdings Inc. (NYSE:HRI) PT at $202.20

Herc Holdings Inc. (NYSE:HRI) has received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $202.20.

A number of research analysts have recently issued reports on the stock. Citigroup started coverage on shares of Herc in a research report on Monday. They issued a “buy” rating and a $165.00 price target on the stock. The Goldman Sachs Group cut their price target 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.

Herc Stock Performance

NYSE HRI opened at $140.66 on Monday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.61 and a beta of 2.14. 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 twelve month low of $119.60 and a twelve month high of $246.88. The stock has a fifty day simple moving average of $170.45 and a 200 day simple moving average of $183.88.

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

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 1.99%. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is currently 37.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in shares of Herc by 0.9% during the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company’s stock valued at $1,482,000 after purchasing an additional 68 shares during the period. Stifel Financial Corp raised its stake in Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock worth $322,000 after buying an additional 80 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after buying an additional 80 shares during the period. Salem Investment Counselors Inc. boosted its holdings in Herc by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company’s stock worth $4,000,000 after acquiring an additional 90 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company’s stock valued at $558,000 after acquiring an additional 94 shares during the period. 93.11% of the stock is owned by institutional investors.

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.