Herc Holdings Inc. (NYSE:HRI – Get Free Report) declared a quarterly dividend on Friday, August 9th, NASDAQ reports. Investors of record on Friday, August 23rd will be paid a dividend of 0.665 per share by the transportation company on Friday, September 6th. This represents a $2.66 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, August 22nd.
Herc has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Herc to earn $14.66 per share next year, which means the company should continue to be able to cover its $2.66 annual dividend with an expected future payout ratio of 18.1%.
Herc Trading Up 2.5 %
NYSE:HRI opened at $138.61 on Tuesday. The company has a market capitalization of $3.94 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.88 and a beta of 2.08. Herc has a 52-week low of $100.17 and a 52-week high of $171.00. The stock has a fifty day simple moving average of $137.05 and a 200-day simple moving average of $147.95. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. JPMorgan Chase & Co. started coverage on Herc in a report on Friday, June 7th. They issued a “neutral” rating and a $155.00 price target for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price target on shares of Herc in a research note on Tuesday, July 23rd. Finally, StockNews.com cut shares of 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $159.50.
Check Out Our Latest Stock Report on Herc
Insiders Place Their Bets
In other news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the sale, the senior vice president now owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.
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.
Further Reading
- Five stocks we like better than Herc
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Why Traders Are Betting Big on Gold and Defense Stocks Now
- Market Cap Calculator: How to Calculate Market Cap
- Decoding Jackson Hole: The Fed’s Impact on Your Stock Portfolio
- Technology Stocks Explained: Here’s What to Know About Tech
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.com's FREE daily email newsletter.