Research analysts at Buckingham Research initiated coverage on shares of Herc Holdings Inc. (NYSE:HRI) in a research note issued on Tuesday. The firm set a “neutral” rating on the transportation company’s stock.
HRI has been the subject of a number of other reports. Zacks Investment Research raised Herc Holdings from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 4th. ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.71.
Shares of Herc Holdings (HRI) opened at $56.96 on Tuesday. Herc Holdings has a 52 week low of $33.27 and a 52 week high of $57.64. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09.
Herc Holdings (NYSE:HRI) last issued its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. Herc Holdings had a negative return on equity of 6.63% and a negative net margin of 4.08%. The business had revenue of $457.60 million during the quarter, compared to the consensus estimate of $422.31 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. research analysts predict that Herc Holdings will post -0.47 EPS for the current fiscal year.
In other Herc Holdings news, Director Jean K. Holley acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $54.78 per share, with a total value of $76,692.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the stock. GSA Capital Partners LLP increased its position in shares of Herc Holdings by 171.9% during the 3rd quarter. GSA Capital Partners LLP now owns 87,444 shares of the transportation company’s stock worth $4,296,000 after purchasing an additional 55,289 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Herc Holdings during the 3rd quarter worth about $218,000. Royce & Associates LP increased its position in shares of Herc Holdings by 12.6% during the 3rd quarter. Royce & Associates LP now owns 452,868 shares of the transportation company’s stock worth $22,249,000 after purchasing an additional 50,600 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Herc Holdings by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 887,325 shares of the transportation company’s stock worth $43,594,000 after purchasing an additional 15,801 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Herc Holdings by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 240,316 shares of the transportation company’s stock worth $11,807,000 after purchasing an additional 12,007 shares during the last quarter.
Herc Holdings Company Profile
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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