Shares of Herc Holdings Inc. (NYSE:HRI) have received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $43.00.
HRI has been the topic of several research reports. Zacks Investment Research lowered shares of Herc Holdings from a “hold” rating to a “sell” rating in a report on Friday, April 7th. Jefferies Group LLC reissued a “hold” rating and set a $44.00 target price on shares of Herc Holdings in a report on Thursday, April 13th. Northcoast Research raised shares of Herc Holdings from a “neutral” rating to a “buy” rating in a report on Thursday, April 6th. KeyCorp raised shares of Herc Holdings from a “sector weight” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Monday, April 10th. Finally, ValuEngine raised shares of Herc Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.
In other news, COO James Bruce Dressel acquired 5,000 shares of Herc Holdings stock in a transaction dated Monday, May 22nd. The shares were bought at an average cost of $35.61 per share, with a total value of $178,050.00. Following the purchase, the chief operating officer now owns 38,902 shares in the company, valued at approximately $1,385,300.22. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.12% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Three Peaks Capital Management LLC increased its position in Herc Holdings by 2.0% in the first quarter. Three Peaks Capital Management LLC now owns 40,800 shares of the transportation company’s stock worth $1,995,000 after buying an additional 800 shares during the last quarter. Swiss National Bank increased its position in Herc Holdings by 4.2% in the first quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock worth $1,933,000 after buying an additional 1,600 shares during the last quarter. Hosking Partners LLP increased its position in Herc Holdings by 10.2% in the first quarter. Hosking Partners LLP now owns 17,656 shares of the transportation company’s stock worth $863,000 after buying an additional 1,632 shares during the last quarter. BlueCrest Capital Management Ltd increased its position in Herc Holdings by 34.7% in the first quarter. BlueCrest Capital Management Ltd now owns 7,305 shares of the transportation company’s stock worth $357,000 after buying an additional 1,883 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC increased its position in Herc Holdings by 3.0% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 70,627 shares of the transportation company’s stock worth $2,777,000 after buying an additional 2,037 shares during the last quarter. Institutional investors own 96.73% of the company’s stock.
Herc Holdings (HRI) traded down 1.67% during mid-day trading on Tuesday, hitting $46.00. 221,660 shares of the stock traded hands. Herc Holdings has a one year low of $28.66 and a one year high of $52.96. The company has a 50 day moving average price of $39.92 and a 200-day moving average price of $44.27. The stock’s market capitalization is $1.30 billion.
Herc Holdings (NYSE:HRI) last announced its quarterly earnings results on Tuesday, May 9th. The transportation company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.78. The company had revenue of $389.40 million for the quarter, compared to the consensus estimate of $366.74 million. Herc Holdings had a negative net margin of 3.69% and a negative return on equity of 7.69%. The firm’s revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Herc Holdings will post ($0.80) earnings per share for the current fiscal year.
Herc Holdings Company Profile
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
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