Analysts Set Herc Holdings Inc. (NYSE:HRI) PT at $139.20

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $139.20.

Several research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $146.00 price objective (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Barclays reduced their target price on Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Citigroup dropped their price target on Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th.

Institutional Investors Weigh In On Herc

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Herc by 104.7% during the first quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company’s stock worth $400,995,000 after purchasing an additional 1,527,244 shares during the last quarter. Capital World Investors raised its stake in Herc by 435.8% during 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 in the last quarter. Norges Bank bought a new position in Herc during the 4th quarter worth approximately $183,786,000. Coliseum Capital Management LLC lifted its holdings in Herc by 213.4% during the 1st quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company’s stock worth $175,892,000 after buying an additional 891,979 shares during the last quarter. Finally, FMR LLC grew its position in shares of Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock worth $235,748,000 after acquiring an additional 508,359 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Up 0.2%

Shares of NYSE HRI opened at $121.67 on Friday. The business has a 50-day moving average of $120.83 and a two-hundred day moving average of $160.61. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.61 and a beta of 1.88. Herc has a 1 year low of $96.19 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period last year, the business posted $2.36 EPS. On average, analysts forecast that Herc will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 2.30%. Herc’s dividend payout ratio (DPR) is 62.36%.

Herc Company Profile

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.