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

Shares of Herc Holdings Inc. (NYSE:HRI) have received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $202.20.

A number of analysts have recently weighed in on HRI shares. Citigroup initiated coverage on shares of Herc in a research note on Monday, March 24th. They issued a “buy” rating and a $165.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th.

Herc Price Performance

Shares of NYSE:HRI opened at $138.91 on Monday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.61 and a beta of 2.14. The business has a 50-day moving average of $167.84 and a two-hundred day moving average of $183.62. Herc has a fifty-two week low of $119.60 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, equities research analysts predict that Herc will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.02%. Herc’s dividend payout ratio is 37.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after buying an additional 167 shares in the last quarter. Quarry LP lifted its position in shares of Herc by 646.7% in the 4th quarter. Quarry LP now owns 224 shares of the transportation company’s stock worth $42,000 after acquiring an additional 194 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after purchasing an additional 80 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Herc during the fourth quarter valued at approximately $59,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

About Herc

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.