Herc Holdings Inc. (NYSE:HRI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $57.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 14.39% from the stock’s previous close.

According to Zacks, “Herc Holdings, Inc. through its subsidiary Herc Rentals Inc. provides equipment rental suppliers primarily in North America. The company is a full-line equipment-rental supplier in commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The equipment rental business is supported by ProSolutions (Tm). Herc Holdings Inc., formerly known as Hertz Global Holdings, Inc., is based in Bonita Springs, United States. “

Other equities research analysts have also issued research reports about the company. MKM Partners restated a “buy” rating and set a $22.00 price objective on shares of Herc Holdings in a research note on Friday, July 7th. ValuEngine upgraded Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.71.

Shares of Herc Holdings (HRI) traded down 1.56% during midday trading on Wednesday, reaching $49.83. The company’s stock had a trading volume of 136,317 shares. The firm’s market capitalization is $1.41 billion. The company’s 50-day moving average price is $43.84 and its 200 day moving average price is $43.10. Herc Holdings has a 1-year low of $28.66 and a 1-year high of $52.96.

Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm had revenue of $416.00 million during the quarter, compared to analyst estimates of $397.00 million. During the same quarter last year, the firm earned ($0.28) EPS. Herc Holdings’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Herc Holdings will post ($0.55) earnings per share for the current year.

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In other Herc Holdings news, COO James Bruce Dressel bought 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $39.02 per share, for a total transaction of $97,550.00. Following the transaction, the chief operating officer now directly 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 bought 109,249 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $38.95 per share, for a total transaction of $4,255,248.55. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its position in Herc Holdings by 19.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,526,858 shares of the transportation company’s stock valued at $138,676,000 after acquiring an additional 575,971 shares during the period. Vanguard Group Inc. increased its position in Herc Holdings by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,007,460 shares of the transportation company’s stock valued at $78,933,000 after acquiring an additional 93,761 shares during the period. Harris Associates L P increased its position in Herc Holdings by 18.8% in the 2nd quarter. Harris Associates L P now owns 1,399,518 shares of the transportation company’s stock valued at $55,029,000 after acquiring an additional 221,511 shares during the period. Gabelli Funds LLC increased its position in Herc Holdings by 23.8% in the 2nd quarter. Gabelli Funds LLC now owns 1,251,309 shares of the transportation company’s stock valued at $49,201,000 after acquiring an additional 240,808 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Herc Holdings by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 871,524 shares of the transportation company’s stock valued at $34,268,000 after acquiring an additional 84,502 shares during the period.

Herc Holdings Company Profile

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.

Analyst Recommendations for Herc Holdings (NYSE:HRI)

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