Herc (NYSE:HRI) PT Raised to $250.00 at Barclays

Herc (NYSE:HRI) had its target price hoisted by Barclays from $175.00 to $250.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on HRI. Robert W. Baird restated a “neutral” rating and issued a $155.00 price objective on shares of Herc in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their price target on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $199.80.

Herc Stock Up 5.6 %

HRI opened at $209.79 on Wednesday. Herc has a fifty-two week low of $100.17 and a fifty-two week high of $210.93. The firm has a market capitalization of $5.96 billion, a P/E ratio of 17.32, a PEG ratio of 1.00 and a beta of 2.07. The company’s 50-day moving average is $152.81 and its 200 day moving average is $146.81. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a return on equity of 26.99% and a net margin of 10.00%. Herc’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.00 EPS. Research analysts expect that Herc will post 13.68 earnings per share for the current fiscal year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.665 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.27%. Herc’s dividend payout ratio is presently 21.97%.

Insider Transactions at Herc

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Tamir Peres sold 5,821 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at $5,632,047.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HRI. Headlands Technologies LLC purchased a new stake in shares of Herc in the first quarter worth about $31,000. EverSource Wealth Advisors LLC increased its holdings in Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after acquiring an additional 208 shares during the period. Signaturefd LLC lifted its stake in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 338 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Herc during the 3rd quarter valued at $159,000. 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.