Herc Holdings Inc. (HRI) Upgraded to Hold at ValuEngine
ValuEngine upgraded shares of Herc Holdings Inc. (NYSE:HRI) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
A number of other research analysts have also recently commented on HRI. Zacks Investment Research cut Herc Holdings from a hold rating to a strong sell rating in a report on Thursday, August 10th. MKM Partners reissued a buy rating and issued a $22.00 price target on shares of Herc Holdings in a report on Friday, July 7th. Finally, Sidoti cut Herc Holdings from a buy rating to a neutral rating in a report on Thursday, May 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $45.00.
Herc Holdings (HRI) opened at 41.44 on Tuesday. The firm’s market capitalization is $1.17 billion. The stock has a 50 day moving average of $42.33 and a 200 day moving average of $43.70. Herc Holdings has a 12 month low of $28.66 and a 12 month high of $52.96.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.25. The company had revenue of $416 million during the quarter, compared to the consensus estimate of $397 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) EPS. On average, equities analysts predict that Herc Holdings will post ($0.55) earnings per share for the current fiscal year.
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In other Herc Holdings news, COO James Bruce Dressel purchased 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $39.02 per share, with a total value of $97,550.00. Following the acquisition, the chief operating officer now owns 41,402 shares in the company, valued at $1,615,506.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carl C. Icahn purchased 109,249 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Segantii Capital Management Ltd purchased a new stake in shares of Herc Holdings during the first quarter valued at about $154,000. Utah Retirement Systems purchased a new stake in shares of Herc Holdings during the first quarter valued at about $214,000. Princeton Alpha Management LP purchased a new stake in shares of Herc Holdings during the first quarter valued at about $226,000. Quantbot Technologies LP purchased a new stake in shares of Herc Holdings during the second quarter valued at about $183,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Herc Holdings during the first quarter valued at about $247,000.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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