Herc Holdings Inc. (NYSE:HRI) Receives $177.20 Average PT from Brokerages

Shares of Herc Holdings Inc. (NYSE:HRI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $157.20.

Several equities research analysts have recently weighed in on HRI shares. Citigroup lowered their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 target price (down previously from $171.00) on shares of Herc in a research report on Tuesday. Robert W. Baird reduced their price target on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th.

Herc Stock Up 2.5 %

NYSE HRI traded up $2.53 on Friday, reaching $104.87. 877,925 shares of the stock traded hands, compared to its average volume of 358,693. Herc has a 12 month low of $96.19 and a 12 month high of $246.88. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.61 and a beta of 1.93. The company has a fifty day moving average price of $134.13 and a 200-day moving average price of $179.09. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. During the same quarter in the previous year, the firm earned $2.36 earnings per share. As a group, research analysts forecast that Herc will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio (DPR) is currently 37.79%.

Hedge Funds Weigh In On Herc

Several hedge funds and other institutional investors have recently modified their holdings of HRI. Capital World Investors raised its holdings in shares of Herc by 435.8% in the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after buying an additional 1,154,182 shares during the last quarter. Norges Bank acquired a new position in shares of Herc in the 4th quarter valued at $183,786,000. FMR LLC increased its position in shares of Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after acquiring an additional 508,359 shares during the period. Artemis Investment Management LLP purchased a new position in Herc in the 4th quarter worth $71,211,000. Finally, Hennessy Advisors Inc. acquired a new stake in Herc during the 4th quarter worth about $62,982,000. 93.11% of the stock is owned by hedge funds and other 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.