Herc Holdings Inc. (NYSE:HRI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Herc Holdings Inc. (NYSE:HRI) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $181.4286.

HRI has been the topic of several research analyst reports. KeyCorp set a $200.00 target price on Herc and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Barclays increased their target price on Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Wells Fargo & Company raised their price objective on Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a report on Thursday, January 22nd. Finally, Robert W. Baird set a $200.00 target price on Herc in a research note on Wednesday, October 29th.

Herc Stock Performance

Shares of HRI opened at $168.91 on Friday. The stock has a market capitalization of $5.62 billion, a PE ratio of -67.03, a PEG ratio of 1.43 and a beta of 1.77. The stock has a 50-day simple moving average of $153.67 and a 200-day simple moving average of $137.13. Herc has a 1 year low of $96.18 and a 1 year high of $211.88. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, February 18th. Herc’s dividend payout ratio is presently -111.11%.

Institutional Investors Weigh In On Herc

Institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its stake in Herc by 53.1% during the third quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock worth $29,000 after purchasing an additional 86 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Herc during the 3rd quarter worth $31,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Herc in the 2nd quarter worth $36,000. Advisory Services Network LLC acquired a new position in Herc in the third quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Herc in the third quarter valued at $40,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.