Shares of Herc Holdings Inc. (NYSE:HRI - Get Free Report) traded up 5.4% during mid-day trading on Wednesday . The company traded as high as $178.93 and last traded at $177.08. 85,921 shares traded hands during trading, a decline of 62% from the average session volume of 223,626 shares. The stock had previously closed at $168.02.
A number of equities analysts recently commented on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $155.00 price objective on shares of Herc in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of Herc from $150.00 to $200.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, StockNews.com downgraded Herc from a "buy" rating to a "hold" rating in a report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $170.75.
Read Our Latest Research Report on Herc
The firm's 50-day simple moving average is $146.62 and its 200-day simple moving average is $145.92. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07.
Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing analysts' consensus estimates of $2.94 by ($0.34). Herc had a return on equity of 26.99% and a net margin of 10.00%. The business had revenue of $848.00 million for the quarter, compared to analyst estimates of $813.05 million. Sell-side analysts forecast that Herc Holdings Inc. will post 13.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, August 22nd. Herc's dividend payout ratio (DPR) is presently 21.97%.
In related news, COO Aaron Birnbaum sold 10,000 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, 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 completion of the sale, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in Herc during the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its holdings in shares of Herc by 650.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company's stock valued at $40,000 after purchasing an additional 208 shares during the period. GAMMA Investing LLC boosted its stake in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock worth $62,000 after acquiring an additional 338 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Herc by 303.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company's stock worth $207,000 after acquiring an additional 1,167 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in Herc in the 3rd quarter valued at $218,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.
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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