Herc Holdings Inc. (HRI) – What Are Researchers Thinking About This Stock?

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $201.57.

Several analysts have issued reports on HRI shares. Zacks Research upgraded shares of Herc from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. BNP Paribas Exane lifted their price objective on Herc from $165.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Wells Fargo & Company lifted their price objective on Herc from $176.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Citigroup boosted their target price on Herc from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Herc in a report on Monday, October 26th.

Institutional Trading of Herc

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming grew its position in shares of Herc by 63.4% in the 3rd quarter. State of Wyoming now owns 469 shares of the transportation company’s stock worth $59,000 after buying an additional 182 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Herc during the 2nd quarter valued at $68,000. NewEdge Advisors LLC raised its holdings in Herc by 61.4% in the 1st quarter. NewEdge Advisors LLC now owns 694 shares of the transportation company’s stock worth $69,000 after purchasing an additional 264 shares in the last quarter. Nykredit A S bought a new position in Herc in the 2nd quarter worth $133,000. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in Herc by 67.5% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,414 shares of the transportation company’s stock worth $176,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Shares of Herc stock opened at $152.12 on Monday. Herc has a 52-week low of $88.45 and a 52-week high of $188.35. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 41.45 and a beta of 1.99. The company has a fifty day moving average of $139.53 and a 200-day moving average of $139.41. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.08 and a current ratio of 1.08.

Herc (NYSE:HRI) last released its earnings results on Tuesday, October 27th. The transportation company reported $3.91 EPS for the quarter, beating the consensus estimate of $2.92 by $0.99. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Herc had a net margin of 2.50% and a return on equity of 13.21%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.22 EPS. Equities research analysts expect that Herc will post 7.87 EPS for the current year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 2nd. Herc’s payout ratio is 76.29%.

Herc Company Profile

Herc Holdings Inc, operating as Herc Rentals, provides equipment rental and related services to customers in construction, industrial, infrastructure, government and other sectors. Its offerings include aerial work platforms, earthmoving and material-handling equipment, power-generation and climate-control systems, pumps, and tools and accessories.

The company also provides equipment sales, repair and maintenance, and specialized services such as trench shoring and remediation. Herc Rentals serves customers across the United States and Canada through its rental locations and service network.

Herc’s roots are in Hertz Equipment Rental Corporation, which separated from Hertz Global Holdings in 2016 and became an independent publicly traded company.