Herc (NYSE:HRI) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Herc (NYSE:HRI) in a research report sent to investors on Tuesday morning, Benzinga reports. Robert W. Baird currently has a $155.00 price target on the transportation company’s stock.

A number of other research firms have also issued reports on HRI. StockNews.com lowered Herc from a buy rating to a hold rating in a research report on Friday, July 12th. The Goldman Sachs Group boosted their price objective on Herc from $155.00 to $178.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. began coverage on Herc in a research note on Friday, June 7th. They set a neutral rating and a $155.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $159.50.

Herc Price Performance

Shares of HRI opened at $154.24 on Tuesday. Herc has a 52 week low of $100.17 and a 52 week high of $171.00. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.74 and a beta of 2.08. The company has a current ratio of 1.23, a quick ratio of 1.51 and a debt-to-equity ratio of 2.91. The stock has a 50 day moving average of $138.56 and a 200-day moving average of $148.70.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.12). Herc had a net margin of 10.00% and a return on equity of 26.99%. The company had revenue of $804.00 million for the quarter. As a group, analysts forecast that Herc will post 14.1 EPS for the current year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, May 30th. Herc’s payout ratio is currently 21.97%.

Insider Buying and Selling at Herc

In other news, SVP Christian J. Cunningham sold 6,607 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $155.37, for a total value of $1,026,529.59. Following the sale, the senior vice president now owns 60,029 shares of the company’s stock, valued at approximately $9,326,705.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Christian J. Cunningham sold 6,607 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $155.37, for a total value of $1,026,529.59. Following the sale, the senior vice president now owns 60,029 shares of the company’s stock, valued at approximately $9,326,705.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lawrence Harris Silber sold 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $158.81, for a total value of $3,176,200.00. Following the sale, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC grew its holdings in shares of Herc by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 4,973 shares of the transportation company’s stock valued at $740,000 after buying an additional 74 shares in the last quarter. CWM LLC grew its holdings in shares of Herc by 45.3% during the fourth quarter. CWM LLC now owns 359 shares of the transportation company’s stock valued at $53,000 after buying an additional 112 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Herc by 213.3% during 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 in the last quarter. Headlands Technologies LLC purchased a new position in shares of Herc during the first quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Herc by 650.0% during 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. Hedge funds and other institutional investors 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.