Herc (NYSE:HRI) Hits New 12-Month Low - Should You Sell?

Herc Holdings Inc. (NYSE:HRI - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $108.95 and last traded at $109.80, with a volume of 164978 shares trading hands. The stock had previously closed at $117.66.

Analyst Ratings Changes

Several research analysts recently weighed in on HRI shares. Barclays cut their price target on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their target price on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Citigroup dropped their price target on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird reduced their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $139.20.

Herc Stock Performance

The business has a 50 day moving average of $132.33 and a 200-day moving average of $178.75. 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 $3.05 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same quarter in the prior year, the company earned $2.36 earnings per share. On average, sell-side analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The company 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 2.61%. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio (DPR) is presently 37.79%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HRI. Argent Capital Management LLC grew its position in Herc by 38.2% during the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock worth $1,308,000 after buying an additional 1,910 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Herc during the 4th quarter valued at about $5,377,000. Hennessy Advisors Inc. purchased a new position in shares of Herc during the fourth quarter worth about $62,982,000. Orion Portfolio Solutions LLC increased its position in shares of Herc by 12.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after purchasing an additional 315 shares during the last quarter. Finally, Barclays PLC raised its stake in Herc by 49.5% in the third quarter. Barclays PLC now owns 52,058 shares of the transportation company's stock valued at $8,299,000 after purchasing an additional 17,236 shares in the last quarter. 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.