Herc (NYSE:HRI) PT Raised to $204.00 at The Goldman Sachs Group

Herc (NYSE:HRI) had its price target lifted by analysts at The Goldman Sachs Group from $178.00 to $204.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 2.45% from the company’s current price.

A number of other brokerages have also weighed in on HRI. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. lifted their price objective on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $155.00 target price on shares of Herc in a research report on Tuesday, July 23rd. Finally, Barclays lifted their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $199.80.

Herc Trading Down 0.2 %

HRI opened at $209.13 on Wednesday. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.00 and a beta of 2.07. Herc has a one year low of $101.33 and a one year high of $214.16. The business has a 50 day simple moving average of $154.29 and a two-hundred day simple moving average of $147.24. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. Herc’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.00 EPS. Analysts predict that Herc will post 13.68 EPS for the current year.

Insider Buying and Selling

In other Herc news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the sale, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Herc news, SVP Tamir Peres sold 5,821 shares of Herc 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 transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Herc

Institutional investors and hedge funds have recently modified their holdings of the business. Hunter Associates Investment Management LLC boosted its position in shares of Herc by 11.0% during the third quarter. Hunter Associates Investment Management LLC now owns 10,349 shares of the transportation company’s stock valued at $1,643,000 after buying an additional 1,022 shares during the last quarter. Welch Group LLC lifted its stake in Herc by 1.9% during the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock valued at $988,000 after acquiring an additional 118 shares during the period. Argent Capital Management LLC boosted its holdings in shares of Herc by 15.0% during the 3rd quarter. Argent Capital Management LLC now owns 4,997 shares of the transportation company’s stock valued at $797,000 after acquiring an additional 652 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Herc by 15,842.9% in the third quarter. International Assets Investment Management LLC now owns 11,160 shares of the transportation company’s stock worth $17,790,000 after acquiring an additional 11,090 shares during the period. Finally, TFG Advisers LLC purchased a new position in shares of Herc during the third quarter valued at approximately $200,000. 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.