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

Shares of Herc Holdings Inc. (NYSE:HRI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $202.20.

Several research analysts have recently commented on HRI shares. The Goldman Sachs Group decreased their target price on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Citigroup started coverage on shares of Herc in a research note on Monday. They set a "buy" rating and a $165.00 target price for the company.

Hedge Funds Weigh In On Herc

Several hedge funds and other institutional investors have recently modified their holdings of HRI. Mackenzie Financial Corp lifted its position in Herc by 693.3% in the 4th quarter. Mackenzie Financial Corp now owns 14,001 shares of the transportation company's stock valued at $2,651,000 after purchasing an additional 12,236 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Herc during the fourth quarter valued at approximately $6,049,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Herc by 55.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,571 shares of the transportation company's stock worth $19,988,000 after buying an additional 37,805 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Herc by 178.7% during the fourth quarter. Voloridge Investment Management LLC now owns 120,936 shares of the transportation company's stock worth $22,897,000 after buying an additional 77,548 shares during the period. Finally, Twinbeech Capital LP bought a new position in Herc in the 4th quarter worth approximately $1,987,000. Institutional investors and hedge funds own 93.11% of the company's stock.

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Herc Stock Up 0.1 %

Shares of HRI stock traded up $0.20 during mid-day trading on Monday, reaching $142.95. 584,602 shares of the company were exchanged, compared to its average volume of 316,837. Herc has a fifty-two week low of $119.60 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $4.07 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.61 and a beta of 2.14. The business's 50 day simple moving average is $171.66 and its 200 day simple moving average is $184.19.

Herc (NYSE:HRI - Get Free Report) last issued 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 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%. Research analysts predict that Herc will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 1.96%. Herc's dividend payout ratio (DPR) is currently 37.79%.

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.