Herc (NYSE:HRI) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Herc (NYSE:HRIFree Report) in a report issued on Friday morning, Marketbeat reports. The brokerage issued a neutral rating and a $155.00 target price on the transportation company’s stock.

Other research analysts have also recently issued reports about the company. StockNews.com raised Herc from a hold rating to a buy rating in a research note on Wednesday, May 22nd. Robert W. Baird increased their target price on shares of Herc from $117.00 to $142.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Finally, The Goldman Sachs Group increased their target price on shares of Herc from $155.00 to $178.00 and gave the stock a buy rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $153.00.

Read Our Latest Stock Report on HRI

Herc Stock Down 1.3 %

Shares of NYSE:HRI opened at $132.60 on Friday. The stock’s 50-day moving average price is $152.00 and its 200-day moving average price is $148.98. Herc has a 12-month low of $100.17 and a 12-month high of $171.00. The stock has a market capitalization of $3.77 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 0.65 and a beta of 2.17. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.95.

Herc (NYSE:HRIGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The company had revenue of $804.00 million for the quarter. On average, equities analysts anticipate that Herc will post 14.59 earnings per share for the current year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.01%. Herc’s dividend payout ratio is currently 21.97%.

Insider Transactions at Herc

In other Herc news, CEO Lawrence Harris Silber sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the sale, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Herc news, CEO Lawrence Harris Silber sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the sale, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christian J. Cunningham sold 6,607 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $155.37, for a total transaction of $1,026,529.59. Following the completion of the sale, the senior vice president now owns 60,029 shares of the company’s stock, valued at $9,326,705.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,996 shares of company stock worth $5,656,956. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Herc

Several large investors have recently made changes to their positions in HRI. Invesco Ltd. lifted its holdings in shares of Herc by 37.8% during the third quarter. Invesco Ltd. now owns 1,667,255 shares of the transportation company’s stock valued at $198,303,000 after purchasing an additional 457,697 shares during the last quarter. Norges Bank bought a new stake in shares of Herc during the fourth quarter valued at approximately $43,505,000. Capital International Investors bought a new stake in shares of Herc during the fourth quarter valued at approximately $30,457,000. Theleme Partners LLP increased its position in shares of Herc by 26.2% during the fourth quarter. Theleme Partners LLP now owns 817,891 shares of the transportation company’s stock valued at $121,776,000 after acquiring an additional 169,886 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Herc by 185.7% during the first quarter. Capital Research Global Investors now owns 170,649 shares of the transportation company’s stock valued at $28,720,000 after acquiring an additional 110,922 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

About Herc

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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.

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Analyst Recommendations for Herc (NYSE:HRI)

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