Herc (NYSE:HRI) Trading 5.4% Higher – Time to Buy?

Herc Holdings Inc. (NYSE:HRI) shares were up 5.4% on Wednesday . The company traded as high as $178.93 and last traded at $177.08. Approximately 85,921 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 223,626 shares. The stock had previously closed at $168.02.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird reissued 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 objective 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 cut shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $170.75.

Herc Stock Down 0.4 %

The company has a market capitalization of $4.89 billion, a PE ratio of 14.29, a PEG ratio of 1.00 and a beta of 2.07. The company’s 50 day moving average is $148.32 and its two-hundred day moving average is $146.30. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $2.60 EPS 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 during the quarter, compared to analysts’ expectations of $813.05 million. On average, analysts anticipate that Herc Holdings Inc. will post 13.68 earnings per share for the current year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.665 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 annualized dividend and a dividend yield of 1.54%. Herc’s dividend payout ratio (DPR) is presently 21.97%.

Insider Transactions at Herc

In other news, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction dated Monday, August 26th. The shares were 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 owns 38,232 shares in the company, valued at $5,609,016.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares of the company’s stock, valued at $5,632,047.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Herc

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Herc in the 1st quarter valued at about $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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 338 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Herc in the 3rd quarter valued at about $159,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Herc by 303.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company’s stock valued at $207,000 after purchasing an additional 1,167 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Company Profile

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.