The Goldman Sachs Group Cuts Herc (NYSE:HRI) Price Target to $201.00

Herc (NYSE:HRI) had its price target decreased by The Goldman Sachs Group from $234.00 to $201.00 in a report published on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the transportation company’s stock.

Herc Trading Up 0.4 %

HRI opened at $135.60 on Wednesday. Herc has a one year low of $119.60 and a one year high of $246.88. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.61 and a beta of 2.14. The stock’s 50 day moving average price is $173.62 and its 200-day moving average price is $183.41. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc (NYSE:HRI) last issued its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. On average, equities analysts forecast that Herc will post 12.84 EPS for the current year.

Herc Increases Dividend

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

Institutional Trading of Herc

Institutional investors have recently bought and sold shares of the stock. Argent Capital Management LLC grew its position in Herc by 38.2% during the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock valued at $1,308,000 after buying an additional 1,910 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Herc during the 4th quarter valued at about $5,377,000. State Street Corp increased its stake in shares of Herc by 0.5% in the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after purchasing an additional 3,006 shares in the last quarter. TT International Asset Management LTD raised its holdings in Herc by 324.6% in the 3rd quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock worth $2,287,000 after purchasing an additional 10,967 shares during the period. Finally, Motley Fool Wealth Management LLC boosted its position in Herc by 26.4% during the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock worth $13,211,000 after purchasing an additional 17,315 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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.