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

Shares of Herc Holdings Inc. (NYSE:HRI) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $157.7143.

A number of research firms recently commented on HRI. JPMorgan Chase & Co. dropped their price objective on Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Wells Fargo & Company dropped their price objective on Herc from $189.00 to $160.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research note on Thursday, January 22nd. KeyCorp decreased their target price on Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Finally, Citigroup decreased their target price on Herc from $165.00 to $135.00 and set a “buy” rating for the company in a research note on Monday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HRI. Hantz Financial Services Inc. grew its stake in Herc by 342.1% in the fourth quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 130 shares during the period. Harbor Capital Advisors Inc. grew its stake in Herc by 53.1% in the third quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 86 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Herc in the third quarter valued at about $31,000. Advisory Services Network LLC acquired a new position in Herc in the third quarter valued at about $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Herc in the third quarter valued at about $40,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Trading Down 3.3%

HRI stock opened at $100.20 on Thursday. The company has a market cap of $3.34 billion, a P/E ratio of -556.68, a PEG ratio of 18.36 and a beta of 1.81. Herc has a twelve month low of $88.45 and a twelve month high of $188.35. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 4.17. The business has a fifty day moving average of $125.92 and a 200-day moving average of $136.82.

Herc (NYSE:HRI) last released its earnings results on Tuesday, February 17th. The transportation company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.The firm’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.58 earnings per share. As a group, equities research analysts expect that Herc will post 12.84 EPS for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 18th. Herc’s payout ratio is presently -1,555.56%.

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.