Herc (NYSE:HRI) Price Target Raised to $204.00

Herc (NYSE:HRI) had its price target increased by The Goldman Sachs Group from $178.00 to $204.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on HRI. Barclays upped their price target on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird restated a “neutral” rating and issued a $155.00 price target on shares of Herc in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price objective on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, StockNews.com cut Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $212.25.

Herc Price Performance

Shares of NYSE:HRI opened at $209.57 on Wednesday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.26 and a beta of 2.07. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23. Herc has a 12 month low of $102.32 and a 12 month high of $214.16. The stock’s 50 day moving average price is $155.78 and its 200 day moving average price is $147.55.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 27.16%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.00 earnings per share. Equities research analysts anticipate that Herc will post 13.17 earnings per share for the current fiscal year.

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, August 22nd. Herc’s dividend payout ratio is 21.75%.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 3,880 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the transaction, the director now directly owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Tamir Peres sold 5,821 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, the director now directly owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,701 shares of company stock valued at $3,203,074. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Herc

A number of hedge funds and other institutional investors have recently made changes to their positions in HRI. Headlands Technologies LLC acquired a new position in Herc in the first quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after acquiring an additional 208 shares in the last quarter. Signaturefd LLC increased its stake in shares of Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 338 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Herc in the 3rd quarter valued at $159,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

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.