Herc (NYSE:HRI) Price Target Increased to $200.00 by Analysts at JPMorgan Chase & Co.

Herc (NYSE:HRI) had its price objective increased by JPMorgan Chase & Co. from $150.00 to $200.00 in a report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird restated a neutral rating and issued a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. StockNews.com lowered shares of Herc from a buy rating to a hold rating in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $170.75.

Herc Price Performance

HRI stock opened at $169.48 on Monday. Herc has a 12 month low of $100.17 and a 12 month high of $171.00. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91. The company has a 50-day moving average price of $145.97 and a 200 day moving average price of $145.92. The stock has a market cap of $4.81 billion, a PE ratio of 13.99, a P/E/G ratio of 1.00 and a beta of 2.07.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.34). Herc had a net margin of 10.00% and a return on equity of 26.99%. The company had revenue of $848.00 million for the quarter, compared to the consensus estimate of $813.05 million. Equities research analysts anticipate that Herc will post 13.68 earnings per share for the current year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, August 22nd. Herc’s dividend payout ratio is presently 21.97%.

Insiders Place Their Bets

In other news, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at $5,609,016.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the transaction, the senior vice president now owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Herc

A number of hedge funds have recently modified their holdings of HRI. Headlands Technologies LLC purchased a new position in Herc during the first quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in Herc by 650.0% during the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after purchasing an additional 208 shares during the period. GAMMA Investing LLC increased its stake in Herc by 704.2% during the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after purchasing an additional 338 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Herc by 303.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company’s stock worth $207,000 after purchasing an additional 1,167 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in Herc during the third quarter worth about $218,000. 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.