Barclays Raises Herc (NYSE:HRI) Price Target to $250.00

Herc (NYSE:HRI) had its price objective boosted by Barclays from $175.00 to $250.00 in a research note issued to investors on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

A number of other brokerages also recently weighed in on HRI. StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $155.00 target price on shares of Herc in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $212.25.

Herc Trading Up 0.2 %

Shares of NYSE:HRI opened at $209.57 on Wednesday. The stock has a market capitalization of $5.95 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.26 and a beta of 2.07. The company’s 50-day moving average price is $155.78 and its two-hundred day moving average price is $147.55. 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 one year low of $102.32 and a one year high of $214.16.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The company 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 business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company posted $4.00 earnings per share. On average, equities analysts forecast that Herc will post 13.17 EPS for the current fiscal year.

Herc Announces Dividend

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

Insider Buying and Selling

In other Herc news, SVP Tamir Peres sold 5,821 shares of the stock in a transaction dated 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 $5,632,047.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the sale, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,701 shares of company stock valued at $3,203,074. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Herc

A number of institutional investors have recently bought and sold shares of HRI. Vanguard Group Inc. boosted its stake in shares of Herc by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,898,147 shares of the transportation company’s stock valued at $431,505,000 after buying an additional 60,715 shares during the period. Kovack Advisors Inc. increased its position in shares of Herc by 172.4% in the first quarter. Kovack Advisors Inc. now owns 5,878 shares of the transportation company’s stock worth $989,000 after purchasing an additional 3,720 shares during the period. Oak Ridge Investments LLC raised its stake in Herc by 2.1% in the first quarter. Oak Ridge Investments LLC now owns 22,982 shares of the transportation company’s stock valued at $3,868,000 after purchasing an additional 465 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in Herc in the first quarter valued at about $960,000. Finally, Hunter Associates Investment Management LLC lifted its position in Herc by 30.5% during the first quarter. Hunter Associates Investment Management LLC now owns 8,947 shares of the transportation company’s stock worth $1,516,000 after purchasing an additional 2,093 shares during the period. Institutional investors own 93.11% of the company’s stock.

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.