Herc (HRI) Now Covered by Analysts at Barclays
Investment analysts at Barclays initiated coverage on shares of Herc (NYSE:HRI) in a report issued on Tuesday, The Fly reports. The brokerage set an “overweight” rating on the transportation company’s stock.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Herc from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, October 4th. ValuEngine raised shares of Herc from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Buckingham Research assumed coverage on shares of Herc in a research note on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Herc currently has a consensus rating of “Buy” and a consensus target price of $47.33.
Shares of Herc (NYSE:HRI) traded down $0.46 during mid-day trading on Tuesday, hitting $60.94. 159,434 shares of the stock were exchanged, compared to its average volume of 296,263. Herc has a fifty-two week low of $33.27 and a fifty-two week high of $61.96. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 7.66.
Herc (NYSE:HRI) last issued its earnings results on Wednesday, November 8th. The transportation company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.23. Herc had a negative net margin of 4.08% and a negative return on equity of 6.63%. The business had revenue of $457.60 million for the quarter, compared to the consensus estimate of $422.31 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts expect that Herc will post -0.47 earnings per share for the current year.
In other news, Director Jean K. Holley purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $54.78 per share, with a total value of $76,692.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its stake in Herc by 3.8% during the 2nd quarter. Private Advisor Group LLC now owns 7,964 shares of the transportation company’s stock worth $323,000 after buying an additional 288 shares during the period. Hosking Partners LLP increased its position in shares of Herc by 1.8% in the 2nd quarter. Hosking Partners LLP now owns 17,967 shares of the transportation company’s stock worth $706,000 after purchasing an additional 311 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Herc by 12.1% in the 3rd quarter. SG Americas Securities LLC now owns 11,180 shares of the transportation company’s stock worth $549,000 after purchasing an additional 1,208 shares during the last quarter. American International Group Inc. increased its position in shares of Herc by 8.1% in the 3rd quarter. American International Group Inc. now owns 16,243 shares of the transportation company’s stock worth $798,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Teton Advisors Inc. increased its position in shares of Herc by 12.0% in the 2nd quarter. Teton Advisors Inc. now owns 14,000 shares of the transportation company’s stock worth $550,000 after purchasing an additional 1,500 shares during the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
Herc Company Profile
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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