Herc Holdings Inc. (NYSE:HRI) Given Average Rating of "Moderate Buy" by Brokerages

Herc Holdings Inc. (NYSE:HRI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $202.20.

HRI has been the topic of several research analyst reports. The Goldman Sachs Group dropped 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. Citigroup started coverage on Herc in a report on Monday. They issued a "buy" rating and a $165.00 price objective on the stock.

Herc Price Performance

NYSE HRI traded down $1.57 during trading hours on Monday, reaching $137.98. The company's stock had a trading volume of 363,130 shares, compared to its average volume of 320,347. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc has a 1-year low of $119.60 and a 1-year high of $246.88. The company's 50-day moving average is $169.18 and its two-hundred day moving average is $183.57. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.61 and a beta of 2.14.

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

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Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Herc's previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.03%. Herc's payout ratio is presently 37.79%.

Institutional Trading of Herc

Several large investors have recently bought and sold shares of HRI. Vanguard Group Inc. grew its position in shares of Herc by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock valued at $580,655,000 after purchasing an additional 27,578 shares in the last quarter. Capital World Investors boosted its position in shares of Herc by 435.8% during the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock valued at $268,662,000 after acquiring an additional 1,154,182 shares during the last quarter. FMR LLC grew its holdings in shares of Herc by 69.0% in the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after purchasing an additional 508,359 shares during the period. Norges Bank purchased a new position in Herc during the fourth quarter worth about $183,786,000. Finally, American Century Companies Inc. boosted its holdings in Herc by 0.8% in the 4th quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company's stock valued at $153,787,000 after purchasing an additional 6,777 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

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.