Herc (NYSE:HRI) PT Raised to $250.00

Herc (NYSE:HRI) had its price objective increased by investment analysts at Barclays from $175.00 to $250.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would indicate a potential upside of 19.54% from the company’s previous close.

Several other research firms have also recently weighed in on HRI. StockNews.com cut Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Robert W. Baird reiterated a “neutral” rating and set a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $199.80.

Herc Price Performance

HRI stock opened at $209.13 on Wednesday. The company has a market capitalization of $5.94 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. The company’s fifty day moving average price is $154.29 and its 200-day moving average price is $147.24. Herc has a one year low of $101.33 and a one year high of $214.16. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23.

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

Insider Buying and Selling at Herc

In other news, SVP Tamir Peres sold 5,821 shares of the firm’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 in the company, valued at approximately $5,632,047.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Tamir Peres sold 5,821 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $5,632,047.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the transaction, the chief operating officer now owns 38,232 shares of the company’s stock, 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. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HRI. Headlands Technologies LLC bought a new position in Herc in the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC grew its stake in Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after purchasing an additional 208 shares in the last quarter. Signaturefd LLC increased its holdings in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares during the period. GAMMA Investing LLC raised its position in Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 338 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Herc in the 3rd quarter worth $159,000. Hedge funds and other 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.