Herc (NYSE:HRI) Reaches New 52-Week Low - What's Next?

Shares of Herc Holdings Inc. (NYSE:HRI - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $124.40 and last traded at $125.53, with a volume of 217881 shares trading hands. The stock had previously closed at $131.55.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their price target on shares of Herc from $204.00 to $234.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $219.75.

Herc Price Performance

The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The stock's 50-day moving average price is $179.84 and its 200 day moving average price is $183.95.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Equities research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share 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 $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.20%. 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. Herc's dividend payout ratio is 37.79%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE grew its stake in Herc by 187.6% during the third quarter. US Bancorp DE now owns 1,303 shares of the transportation company's stock worth $208,000 after buying an additional 850 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock worth $55,000 after buying an additional 270 shares during the last quarter. Covestor Ltd grew its stake in Herc by 70.4% during the third quarter. Covestor Ltd now owns 322 shares of the transportation company's stock worth $51,000 after buying an additional 133 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Herc by 1.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 13,550 shares of the transportation company's stock worth $2,160,000 after buying an additional 155 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Herc by 5.1% during the third quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company's stock worth $928,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds 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.