Herc Holdings Inc. (NYSE:HRI) Receives Average Recommendation of "Hold" from Analysts

Herc Holdings Inc. (NYSE:HRI - Get Free Report) has been assigned a consensus rating of "Hold" from the five ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $212.25.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Robert W. Baird reissued a "neutral" rating and set a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. Barclays increased their target price on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price target on Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd.

Herc Stock Performance

Shares of NYSE:HRI traded up $0.13 during midday trading on Friday, hitting $217.67. The stock had a trading volume of 353,116 shares, compared to its average volume of 506,552. The company has a market capitalization of $6.18 billion, a PE ratio of 17.80, a P/E/G ratio of 1.25 and a beta of 2.02. Herc has a 1 year low of $119.08 and a 1 year high of $246.88. The stock has a 50 day moving average price of $179.49 and a two-hundred day moving average price of $154.28. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same quarter in the previous year, the firm posted $4.00 EPS. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Herc will post 13.59 earnings per share for the current fiscal year.

Insider Activity at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares of the company's stock, valued at $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the transaction, the senior vice president now directly owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 18.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,880 shares of company stock valued at $3,342,960. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HRI. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Herc in the third quarter worth approximately $35,996,000. Capital Research Global Investors raised its stake in Herc by 185.7% during the first quarter. Capital Research Global Investors now owns 170,649 shares of the transportation company's stock worth $28,720,000 after purchasing an additional 110,922 shares during the period. American Century Companies Inc. raised its stake in Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company's stock worth $74,908,000 after purchasing an additional 87,330 shares during the period. FMR LLC boosted its holdings in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after purchasing an additional 56,191 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in shares of Herc by 145.7% during the 3rd quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company's stock valued at $14,624,000 after buying an additional 54,400 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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.