Herc Holdings Inc. (NYSE:HRI) Given Average Rating of “Hold” by Brokerages

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

Several research firms have issued reports on HRI. Barclays raised their target price on Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd.

Insider Transactions at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the sale, the senior vice president now directly owns 21,586 shares of the company’s stock, valued at $4,600,408.32. This represents a 18.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This trade represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,880 shares of company stock worth $3,342,960 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its position in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings in Herc by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock valued at $1,275,000 after acquiring an additional 65 shares in the last quarter. MQS Management LLC raised its holdings in Herc by 3.8% in the third quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock valued at $310,000 after acquiring an additional 71 shares in the last quarter. Stifel Financial Corp lifted its stake in Herc by 4.1% in the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock worth $322,000 after acquiring an additional 80 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in Herc by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock worth $686,000 after acquiring an additional 108 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Trading Up 1.8 %

Shares of HRI stock opened at $217.31 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc has a twelve month low of $119.08 and a twelve month high of $246.88. The company’s 50-day moving average price is $184.41 and its 200-day moving average price is $155.72. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.24 and a beta of 2.02.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share 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 analysts’ expectations of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $4.00 EPS. As a group, equities analysts predict that Herc will post 13.59 earnings per share for the current year.

Herc Company Profile

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.