Herc Holdings Inc. (NYSE:HRI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Herc Holdings Inc. (NYSE:HRI) have earned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $212.25.

A number of equities research analysts recently commented on HRI shares. JPMorgan Chase & Co. raised their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird reiterated a “neutral” rating and set a $155.00 target price on shares of Herc in a report on Tuesday, July 23rd. Barclays raised their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd.

Herc Stock Up 0.1 %

Shares of Herc stock opened at $217.67 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock has a market cap of $6.18 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.28 and a beta of 2.02. The business has a fifty day simple moving average of $179.49 and a 200 day simple moving average of $154.20. Herc has a 12 month low of $119.08 and a 12 month high of $246.88.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). Herc had a net margin of 10.09% and a return on equity of 26.35%. The firm 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 company earned $4.00 EPS. Herc’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts predict that Herc will post 13.59 EPS for the current year.

Insider Buying and Selling at Herc

In other news, COO Aaron Birnbaum sold 10,000 shares of the firm’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 completion of the sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This trade represents a 20.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the transaction, the director now directly owns 13,774 shares in the company, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,880 shares of company stock worth $3,342,960 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Herc

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Herc in the 1st quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its position in shares of Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after buying an additional 208 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after buying an additional 61 shares during the period. Covestor Ltd grew its position in Herc by 70.4% during the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after buying an additional 133 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after acquiring an additional 270 shares during the period. 93.11% of the stock is currently owned by institutional investors.

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.