Herc Holdings Inc. (NYSE:HRI) Receives $170.75 Average Target Price from Analysts

Shares of Herc Holdings Inc. (NYSE:HRI - Get Free Report) have received an average rating of "Hold" from the five research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $199.80.

HRI has been the topic of a number of research reports. The Goldman Sachs Group lifted their price objective on Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday. Robert W. Baird reiterated a "neutral" rating and issued a $155.00 target price on shares of Herc in a report on Tuesday, July 23rd. Barclays lifted their target price on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, StockNews.com cut Herc from a "buy" rating to a "hold" rating in a report on Friday, July 12th.

Insider Transactions at Herc

In related news, COO Aaron Birnbaum sold 10,000 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the transaction, the chief operating officer now directly owns 38,232 shares of the company's stock, valued at $5,609,016.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Herc news, SVP Tamir Peres sold 5,821 shares of the business's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares in the company, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Herc

Several large investors have recently added to or reduced their stakes in the company. Argent Capital Management LLC grew its stake in Herc by 15.0% during the 3rd quarter. Argent Capital Management LLC now owns 4,997 shares of the transportation company's stock valued at $797,000 after purchasing an additional 652 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Herc by 15,842.9% in the third quarter. International Assets Investment Management LLC now owns 11,160 shares of the transportation company's stock worth $17,790,000 after buying an additional 11,090 shares during the last quarter. TFG Advisers LLC purchased a new position in Herc during the third quarter worth approximately $200,000. Signaturefd LLC grew its holdings in Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after purchasing an additional 61 shares during the period. Finally, Jade Capital Advisors LLC acquired a new stake in Herc in the third quarter valued at approximately $3,189,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Stock Performance

Shares of NYSE HRI traded up $11.19 during trading on Wednesday, hitting $209.79. The company had a trading volume of 1,253,233 shares, compared to its average volume of 238,562. The stock has a 50 day simple moving average of $152.81 and a 200 day simple moving average of $146.81. The firm has a market capitalization of $5.96 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. Herc has a 12 month low of $100.17 and a 12 month high of $210.93. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23.

Herc (NYSE:HRI - Get Free Report) last issued 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). The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $4.00 EPS. As a group, analysts anticipate that Herc will post 13.68 earnings per share for the current year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, August 22nd. Herc's payout ratio is 21.97%.

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.