Herc (NYSE:HRI) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Herc (NYSE:HRIFree Report) from a buy rating to a hold rating in a research report released on Monday morning.

HRI has been the topic of several other research reports. The Goldman Sachs Group upped their target price on Herc from $155.00 to $178.00 and gave the company a buy rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. assumed coverage on shares of Herc in a research note on Friday, June 7th. They set a neutral rating and a $155.00 price target on the stock. Finally, Robert W. Baird boosted their target price on Herc from $117.00 to $142.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $153.00.

View Our Latest Analysis on HRI

Herc Trading Up 1.1 %

NYSE:HRI opened at $132.16 on Monday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.51 and a current ratio of 1.51. Herc has a 1 year low of $100.17 and a 1 year high of $171.00. The stock has a market cap of $3.75 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.65 and a beta of 2.17. The stock has a 50-day simple moving average of $150.02 and a 200-day simple moving average of $148.96.

Herc (NYSE:HRIGet Free Report) last released its quarterly earnings results 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). The company had revenue of $804.00 million for the quarter. Herc had a return on equity of 28.68% and a net margin of 10.31%. As a group, analysts anticipate that Herc will post 14.59 earnings per share for the current fiscal 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 given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, May 30th. Herc’s dividend payout ratio (DPR) is currently 21.97%.

Insider Activity at Herc

In related news, COO Aaron Birnbaum sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total transaction of $890,216.52. Following the transaction, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Herc news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the completion of the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aaron Birnbaum sold 5,844 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total transaction of $890,216.52. Following the transaction, the chief operating officer now owns 48,232 shares in the company, valued at approximately $7,347,180.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,996 shares of company stock worth $5,656,956. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Herc

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after acquiring an additional 38,798 shares in the last quarter. Invesco Ltd. boosted its position in Herc by 37.8% during the third quarter. Invesco Ltd. now owns 1,667,255 shares of the transportation company’s stock worth $198,303,000 after purchasing an additional 457,697 shares during the period. Theleme Partners LLP grew its holdings in 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 purchasing an additional 169,886 shares during the last quarter. Electron Capital Partners LLC raised its position in shares of Herc by 3.5% in the fourth quarter. Electron Capital Partners LLC now owns 605,387 shares of the transportation company’s stock valued at $90,136,000 after purchasing an additional 20,358 shares during the period. Finally, Channing Capital Management LLC lifted its stake in shares of Herc by 10.1% in the fourth quarter. Channing Capital Management LLC now owns 499,502 shares of the transportation company’s stock worth $74,371,000 after buying an additional 45,952 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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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