Barclays Raises Herc (NYSE:HRI) Price Target to $250.00

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

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Robert W. Baird restated a “neutral” rating and issued a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $212.25.

Herc Stock Performance

Shares of Herc stock opened at $209.47 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91. The stock’s fifty day moving average price is $155.78 and its 200-day moving average price is $147.41. The firm has a market cap of $5.95 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.26 and a beta of 2.07. Herc has a 12 month low of $102.32 and a 12 month high of $214.16.

Herc (NYSE:HRI) last posted its quarterly 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). Herc had a net margin of 10.09% and a return on equity of 27.16%. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the prior year, the firm posted $4.00 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Herc will post 13.17 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.27%. The ex-dividend date was Thursday, August 22nd. Herc’s dividend payout ratio is presently 21.75%.

Insider Transactions at Herc

In related news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 38,232 shares in the company, valued at $5,609,016.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the sale, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,701 shares of company stock worth $3,203,074. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Herc

A number of institutional investors and hedge funds have recently modified their holdings of HRI. Hunter Associates Investment Management LLC lifted its stake in Herc by 11.0% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,349 shares of the transportation company’s stock valued at $1,643,000 after acquiring an additional 1,022 shares during the period. Welch Group LLC raised its holdings in shares of Herc by 1.9% during the third quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock worth $988,000 after purchasing an additional 118 shares during the last quarter. Argent Capital Management LLC lifted its position in Herc by 15.0% during the third quarter. Argent Capital Management LLC now owns 4,997 shares of the transportation company’s stock valued at $797,000 after purchasing an additional 652 shares during the period. International Assets Investment Management LLC boosted its holdings in Herc by 15,842.9% in the third quarter. International Assets Investment Management LLC now owns 11,160 shares of the transportation company’s stock valued at $17,790,000 after purchasing an additional 11,090 shares during the last quarter. Finally, TFG Advisers LLC acquired a new stake in Herc during the 3rd quarter worth about $200,000. Institutional investors and hedge funds 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.