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

Shares of Herc Holdings Inc. (NYSE:HRI) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $164.8571.

A number of equities research analysts have weighed in on the company. KeyCorp decreased their price objective on Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Wells Fargo & Company boosted their target price on Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. BNP Paribas Exane assumed coverage on Herc in a report on Monday. They issued a “neutral” rating and a $160.00 target price on the stock. Citigroup boosted their target price on Herc from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th.

Herc Stock Down 3.7%

NYSE HRI opened at $145.67 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. The stock’s 50 day moving average is $135.77 and its two-hundred day moving average is $138.23. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of -539.53, a PEG ratio of 27.39 and a beta of 1.89. Herc has a 1-year low of $88.45 and a 1-year high of $188.35.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.42. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. Equities analysts forecast that Herc will post 5.31 earnings per share for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Herc’s payout ratio is presently -1,037.04%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Herc by 342.1% during the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Herc during the 3rd quarter worth $31,000. Advisory Services Network LLC acquired a new position in Herc during the 3rd quarter worth $35,000. Smartleaf Asset Management LLC raised its position in shares of Herc by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 111 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Herc during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Company Profile

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.