Analysts Set Herc Holdings Inc. (NYSE:HRI) PT at $202.20

Herc Holdings Inc. (NYSE:HRI) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $202.20.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Citigroup assumed coverage on shares of Herc in a research report on Monday. They issued a “buy” rating and a $165.00 price objective for the company.

Institutional Trading of Herc

A number of large investors have recently added to or reduced their stakes in HRI. Vanguard Group Inc. boosted its stake in Herc by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company’s stock valued at $580,655,000 after acquiring an additional 27,578 shares during the last quarter. Capital World Investors raised its holdings in shares of Herc by 435.8% in the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company’s stock worth $268,662,000 after purchasing an additional 1,154,182 shares during the period. FMR LLC lifted its stake in Herc by 69.0% in the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock valued at $235,748,000 after purchasing an additional 508,359 shares during the last quarter. Norges Bank bought a new position in Herc during the fourth quarter valued at $183,786,000. Finally, American Century Companies Inc. increased its position in Herc by 0.8% in the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company’s stock worth $153,787,000 after buying an additional 6,777 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Shares of NYSE HRI opened at $140.66 on Monday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50-day simple moving average is $170.45 and its 200 day simple moving average is $183.88. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.61 and a beta of 2.14. Herc has a fifty-two week low of $119.60 and a fifty-two week high of $246.88.

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

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.70 dividend. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Tuesday, February 18th. Herc’s payout ratio is 37.79%.

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.