Herc (NYSE:HRI) Price Target Cut to $201.00 by Analysts at The Goldman Sachs Group

Herc (NYSE:HRI - Free Report) had its price target trimmed by The Goldman Sachs Group from $234.00 to $201.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the transportation company's stock.

Herc Trading Up 0.4 %

Shares of HRI stock traded up $0.56 during trading hours on Wednesday, hitting $135.60. 751,844 shares of the company were exchanged, compared to its average volume of 315,431. The firm has a market cap of $3.86 billion, a PE ratio of 18.30, a PEG ratio of 1.61 and a beta of 2.14. Herc has a 1 year low of $119.60 and a 1 year high of $246.88. 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 fifty day moving average of $173.62 and a 200 day moving average of $184.06.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. Analysts expect that Herc will post 12.84 earnings per share for the current year.

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Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This is a positive change from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Tuesday, February 18th. Herc's dividend payout ratio is presently 37.79%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HRI. Capital World Investors raised its holdings in Herc by 435.8% in the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock valued at $268,662,000 after buying an additional 1,154,182 shares during the period. Norges Bank purchased a new position in Herc in the fourth quarter valued at approximately $183,786,000. FMR LLC raised its holdings in Herc by 69.0% in the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after buying an additional 508,359 shares during the period. Artemis Investment Management LLP purchased a new position in Herc in the fourth quarter valued at approximately $71,211,000. Finally, Hennessy Advisors Inc. purchased a new position in Herc in the fourth quarter valued at approximately $62,982,000. Hedge funds and other 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.