Herc (NYSE:HRI) Reaches New 1-Year High at $82.26

Herc Holdings Inc. (NYSE:HRI) hit a new 52-week high on Tuesday . The stock traded as high as $82.26 and last traded at $82.26, with a volume of 3078 shares. The stock had previously closed at $81.37.

Several brokerages recently weighed in on HRI. KeyCorp increased their price target on Herc from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, January 14th. Robert W. Baird raised their target price on Herc from $80.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, February 18th. Finally, Barclays raised their target price on Herc from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.86.

The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 1.64 and a beta of 3.22. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 2.83. The firm has a 50 day moving average price of $70.06 and a 200-day moving average price of $54.49.

Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, February 18th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.34. The business had revenue of $520.40 million during the quarter, compared to the consensus estimate of $483.75 million. Herc had a return on equity of 13.48% and a net margin of 4.07%. As a group, equities analysts expect that Herc Holdings Inc. will post 2.66 earnings per share for the current fiscal year.

In other news, CEO Lawrence Harris Silber sold 70,176 shares of Herc stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $65.85, for a total transaction of $4,621,089.60. Following the completion of the transaction, the chief executive officer now owns 209,926 shares of the company’s stock, valued at approximately $13,823,627.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in Herc by 0.9% in the 4th quarter. Federated Hermes Inc. now owns 20,513 shares of the transportation company’s stock valued at $1,363,000 after buying an additional 173 shares during the period. California State Teachers Retirement System grew its holdings in Herc by 1.0% in the 3rd quarter. California State Teachers Retirement System now owns 36,785 shares of the transportation company’s stock valued at $1,457,000 after buying an additional 377 shares during the period. Exane Derivatives grew its holdings in Herc by 65.5% in the 4th quarter. Exane Derivatives now owns 985 shares of the transportation company’s stock valued at $65,000 after buying an additional 390 shares during the period. IFP Advisors Inc grew its holdings in Herc by 40,000.0% in the 4th quarter. IFP Advisors Inc now owns 401 shares of the transportation company’s stock valued at $27,000 after buying an additional 400 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Herc in the 4th quarter valued at about $30,000. Institutional investors own 94.53% of the company’s stock.

About Herc (NYSE:HRI)

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.

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