Herc Holdings Inc. (HRI) To Go Ex-Dividend on August 22nd

Herc Holdings Inc. (NYSE:HRI) 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.

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

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.

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.