Brokerages Set Herc Holdings Inc. (NYSE:HRI) Target Price at $170.75

Herc Holdings Inc. (NYSE:HRI) has earned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $212.25.

Several analysts have commented on HRI shares. JPMorgan Chase & Co. increased their target price on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com cut Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Barclays upped their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird reissued a “neutral” rating and issued a $155.00 target price on shares of Herc in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group boosted their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the transaction, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Michael A. Kelly sold 3,880 shares of the 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 completion of the sale, the director now owns 13,774 shares of the company’s stock, valued at $2,876,424.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,701 shares of company stock worth $3,203,074 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Herc

A number of hedge funds and other institutional investors have recently made changes to their positions in HRI. Hunter Associates Investment Management LLC raised its holdings in Herc by 11.0% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,349 shares of the transportation company’s stock worth $1,643,000 after purchasing an additional 1,022 shares during the period. Welch Group LLC boosted its holdings in Herc by 1.9% in the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock worth $988,000 after buying an additional 118 shares during the last quarter. Argent Capital Management LLC increased its stake in Herc by 15.0% during the 3rd quarter. Argent Capital Management LLC now owns 4,997 shares of the transportation company’s stock worth $797,000 after buying an additional 652 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Herc by 15,842.9% during the third quarter. International Assets Investment Management LLC now owns 11,160 shares of the transportation company’s stock valued at $17,790,000 after acquiring an additional 11,090 shares during the last quarter. Finally, TFG Advisers LLC purchased a new position in shares of Herc in the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Performance

Shares of HRI stock opened at $209.47 on Wednesday. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.26 and a beta of 2.07. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. Herc has a one year low of $102.32 and a one year high of $214.16. The company’s 50-day moving average is $155.78 and its 200 day moving average is $147.41.

Herc (NYSE:HRI) last issued its 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 during the quarter, compared to the consensus estimate of $931.33 million. Herc had a return on equity of 27.16% and a net margin of 10.09%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.00 EPS. Sell-side analysts expect that Herc will post 13.17 EPS for the current fiscal year.

Herc Announces Dividend

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

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.