Shares of Herc Holdings Inc. (NYSE:HRI) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $43.00.
Several brokerages have recently weighed in on HRI. Zacks Investment Research raised shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of Herc Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. MKM Partners restated a “buy” rating and issued a $22.00 price target on shares of Herc Holdings in a research note on Friday, July 7th. Finally, Sidoti downgraded shares of Herc Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th.
In other Herc Holdings news, major shareholder Carl C. Icahn purchased 109,249 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO James Bruce Dressel purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the completion of the purchase, the chief operating officer now directly owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HRI. Canada Pension Plan Investment Board grew its stake in shares of Herc Holdings by 45.3% in the first quarter. Canada Pension Plan Investment Board now owns 39,430 shares of the transportation company’s stock valued at $1,928,000 after acquiring an additional 12,300 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Herc Holdings in the first quarter valued at about $247,000. Princeton Alpha Management LP acquired a new position in shares of Herc Holdings in the first quarter valued at about $226,000. Bank of New York Mellon Corp grew its stake in shares of Herc Holdings by 81.3% in the first quarter. Bank of New York Mellon Corp now owns 158,933 shares of the transportation company’s stock valued at $7,770,000 after acquiring an additional 71,265 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Herc Holdings by 4.2% in the first quarter. Swiss National Bank now owns 39,546 shares of the transportation company’s stock valued at $1,933,000 after acquiring an additional 1,600 shares in the last quarter.
Herc Holdings (NYSE:HRI) traded up 2.92% during mid-day trading on Wednesday, reaching $44.44. 85,651 shares of the company’s stock traded hands. The firm’s market cap is $1.26 billion. The firm has a 50 day moving average of $42.12 and a 200 day moving average of $43.19. Herc Holdings has a 1-year low of $28.66 and a 1-year high of $52.96.
Herc Holdings (NYSE:HRI) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. The company had revenue of $416 million for the quarter, compared to analyst estimates of $397 million. Herc Holdings had a negative net margin of 4.82% and a negative return on equity of 9.52%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) earnings per share. Analysts forecast that Herc Holdings will post ($0.55) EPS for the current year.
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About Herc Holdings
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.
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