The Goldman Sachs Group Boosts Herc (NYSE:HRI) Price Target to $178.00

Herc (NYSE:HRI) had its price objective upped by equities researchers at The Goldman Sachs Group from $155.00 to $178.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 13.64% from the stock’s current price.

Separately, Robert W. Baird increased their target price on shares of Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $152.50.

Herc Price Performance

HRI traded down $1.66 on Tuesday, hitting $156.64. 54,854 shares of the stock were exchanged, compared to its average volume of 186,957. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.81 and a beta of 2.27. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.44 and a quick ratio of 1.44. Herc has a 12 month low of $93.97 and a 12 month high of $171.00. The business has a 50-day moving average of $158.36 and a two-hundred day moving average of $139.40.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, February 13th. The transportation company reported $3.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.05). The business had revenue of $831.00 million during the quarter, compared to the consensus estimate of $858.06 million. Herc had a net margin of 10.58% and a return on equity of 30.21%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.44 EPS. Sell-side analysts forecast that Herc will post 13.86 EPS for the current fiscal year.

Insider Transactions at Herc

In other news, SVP Tamir Peres sold 3,545 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $159.10, for a total transaction of $564,009.50. Following the completion of the sale, the senior vice president now owns 41,236 shares of the company’s stock, valued at approximately $6,560,647.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Institutional Trading of Herc

A number of hedge funds and other institutional investors have recently bought and sold shares of HRI. BlackRock Inc. increased its stake in Herc by 51.3% during the 1st quarter. BlackRock Inc. now owns 2,589,703 shares of the transportation company’s stock valued at $294,967,000 after purchasing an additional 878,615 shares in the last quarter. Invesco Ltd. increased its stake in Herc by 37.8% during the 3rd quarter. Invesco Ltd. now owns 1,667,255 shares of the transportation company’s stock valued at $198,303,000 after purchasing an additional 457,697 shares in the last quarter. Norges Bank bought a new stake in Herc during the 4th quarter valued at $43,505,000. Morgan Stanley boosted its holdings in Herc by 374.8% during the 4th quarter. Morgan Stanley now owns 366,165 shares of the transportation company’s stock worth $48,176,000 after acquiring an additional 289,049 shares during the last quarter. Finally, Capital International Investors purchased a new position in Herc during the 4th quarter worth $30,457,000. Institutional investors own 93.11% of the company’s stock.

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.