JPMorgan Chase & Co. Increases Herc (NYSE:HRI) Price Target to $200.00

Herc (NYSE:HRI) had its target price raised by JPMorgan Chase & Co. from $150.00 to $200.00 in a report released on Monday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other analysts have also weighed in on HRI. Robert W. Baird reissued a “neutral” rating and issued a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $170.75.

Herc Stock Down 0.5 %

Shares of Herc stock opened at $173.08 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91. The firm has a market cap of $4.92 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.00 and a beta of 2.07. Herc has a fifty-two week low of $100.17 and a fifty-two week high of $178.93. The business has a 50-day moving average price of $148.32 and a 200 day moving average price of $146.30.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.34). The firm had revenue of $848.00 million during the quarter, compared to the consensus estimate of $813.05 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. On average, sell-side analysts forecast that Herc will post 13.68 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.54%. Herc’s dividend payout ratio is presently 21.97%.

Insider Transactions at Herc

In other news, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 that occurred 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 transaction, the senior vice president now owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Herc

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Herc by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after purchasing an additional 38,798 shares during the period. Tidal Investments LLC bought a new position in shares of Herc in the first quarter valued at $990,000. SG Americas Securities LLC increased its holdings in shares of Herc by 226.4% in the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock valued at $752,000 after buying an additional 3,914 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Herc by 232.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock valued at $2,461,000 after buying an additional 10,217 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Herc by 15,137.8% in the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock valued at $914,000 after buying an additional 6,812 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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.