Herc (NYSE:HRI) Hits New 1-Year High at $170.16

Herc Holdings Inc. (NYSE:HRIGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $170.16 and last traded at $168.83, with a volume of 42654 shares. The stock had previously closed at $163.55.

Analysts Set New Price Targets

A number of brokerages have recently commented on HRI. Robert W. Baird increased their price target on shares of Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. KeyCorp cut shares of Herc from an “overweight” rating to a “sector weight” rating in a research note on Monday, December 4th.

View Our Latest Stock Analysis on Herc

Herc Price Performance

The firm has a market cap of $4.75 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.83 and a beta of 2.27. The firm’s 50 day moving average is $151.62 and its 200 day moving average is $134.14. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.44 and a quick ratio of 1.44.

Herc (NYSE:HRIGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The transportation company reported $3.24 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.05). Herc had a net margin of 10.58% and a return on equity of 30.21%. The company had revenue of $831.00 million for the quarter, compared to the consensus estimate of $858.06 million. During the same quarter in the previous year, the business earned $3.44 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Herc Holdings Inc. will post 13.86 earnings per share for the current year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Wednesday, February 21st were paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a positive change from Herc’s previous quarterly dividend of $0.63. Herc’s payout ratio is 21.98%.

Insiders Place Their Bets

In other news, SVP Tamir Peres sold 3,545 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at approximately $6,560,647.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Herc

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in shares of Herc by 213.3% in the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock valued at $35,000 after buying an additional 160 shares during the last quarter. Quarry LP grew its holdings in shares of Herc by 363.0% in the first quarter. Quarry LP now owns 338 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 265 shares during the period. Hexagon Capital Partners LLC grew its holdings in shares of Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 265 shares during the period. Covestor Ltd grew its holdings in shares of Herc by 152.1% in the second quarter. Covestor Ltd now owns 363 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 219 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Herc by 90.9% during the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after buying an additional 150 shares during the period. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Herc Company Profile

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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.

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