Herc (NYSE:HRI) Price Target Raised to $240.00 at JPMorgan Chase & Co.

Herc (NYSE:HRI) had its target price hoisted by JPMorgan Chase & Co. from $200.00 to $240.00 in a report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts have also weighed in on HRI. StockNews.com lowered Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Robert W. Baird restated a “neutral” rating and issued a $155.00 price objective on shares of Herc in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Herc currently has a consensus rating of “Hold” and a consensus price target of $199.80.

Herc Stock Performance

Shares of HRI opened at $209.79 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91. Herc has a 12 month low of $100.17 and a 12 month high of $210.93. The company’s fifty day moving average is $152.81 and its 200-day moving average is $146.81. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07.

Herc (NYSE:HRI) last posted its 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). Herc had a return on equity of 26.99% and a net margin of 10.00%. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same period in the previous year, the company earned $4.00 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that Herc will post 13.68 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a $0.665 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 annualized dividend and a dividend yield of 1.27%. Herc’s payout ratio is 21.97%.

Insider Buying and Selling

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the 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 completion of the sale, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction dated 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Herc

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in shares of Herc during the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC raised its position 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 lifted its stake in Herc by 27.7% during the third 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 boosted its holdings in Herc by 704.2% during the third 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 bought a new stake in shares of Herc in the 3rd quarter valued at approximately $159,000. Institutional investors and hedge funds 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.