Herc (NYSE:HRI) Shares Gap Up to $148.40

Shares of Herc Holdings Inc. (NYSE:HRI) gapped up before the market opened on Tuesday . The stock had previously closed at $148.40, but opened at $156.62. Herc shares last traded at $156.73, with a volume of 45,487 shares.

Analysts Set New Price Targets

HRI has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. The Goldman Sachs Group boosted their target price on Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $152.50.

Herc Stock Up 3.7 %

The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.97. The firm has a market cap of $4.36 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.73 and a beta of 2.27. The business has a fifty day moving average of $158.47 and a 200 day moving average of $140.81.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, February 13th. The transportation company reported $3.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.05). The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $858.06 million. Herc had a net margin of 10.58% and a return on equity of 30.21%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.44 EPS. On average, equities research analysts predict that Herc Holdings Inc. will post 14.75 EPS for the current year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a boost from Herc’s previous quarterly dividend of $0.63. Herc’s payout ratio is 21.98%.

Insider Transactions at Herc

In other Herc news, SVP Tamir Peres sold 3,545 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction of $564,009.50. Following the completion of the transaction, the senior vice president now owns 41,236 shares in the company, valued at approximately $6,560,647.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Herc

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC raised its holdings in Herc by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 4,973 shares of the transportation company’s stock valued at $740,000 after acquiring an additional 74 shares during the period. Versor Investments LP increased its position in Herc by 5.4% during the third quarter. Versor Investments LP now owns 2,000 shares of the transportation company’s stock worth $238,000 after acquiring an additional 102 shares during the period. CWM LLC raised its stake in Herc by 45.3% in the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after purchasing an additional 112 shares in the last quarter. Signaturefd LLC boosted its holdings in Herc by 213.3% in the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 160 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Herc by 4.2% during the third quarter. Amalgamated Bank now owns 4,340 shares of the transportation company’s stock worth $516,000 after purchasing an additional 173 shares during the period. Institutional investors own 93.11% of the company’s stock.

Herc Company Profile

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.