Herc (NYSE:HRI) Hits New 12-Month High – What’s Next?

Herc Holdings Inc. (NYSE:HRI) shares hit a new 52-week high on Tuesday . The company traded as high as $214.87 and last traded at $213.53, with a volume of 206112 shares. The stock had previously closed at $207.00.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird reissued a “neutral” rating and set a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. StockNews.com cut shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Barclays upped their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, 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, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $212.25.

Herc Price Performance

The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s fifty day moving average is $164.15 and its 200-day moving average is $149.57. The stock has a market capitalization of $6.11 billion, a PE ratio of 17.34, a P/E/G ratio of 1.21 and a beta of 2.02.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.00 EPS. As a group, equities analysts predict that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Herc Announces Dividend

The firm 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. This represents a $2.66 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, August 22nd. Herc’s payout ratio is 21.75%.

Insider Activity

In related news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the sale, the senior vice president now directly owns 21,586 shares in the company, valued at $4,600,408.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now directly owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total value of $1,065,600.00. Following the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,880 shares of company stock worth $3,342,960. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Herc

Several institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in shares of Herc in the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC grew its position in Herc by 650.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after purchasing an additional 208 shares during the last quarter. Signaturefd LLC increased its stake in shares of Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd increased its stake in Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after purchasing an additional 270 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

About Herc

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.