Herc (NYSE:HRI) Price Target Cut to $201.00 by Analysts at The Goldman Sachs Group

Herc (NYSE:HRI) had its price target cut by The Goldman Sachs Group from $234.00 to $201.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Herc Stock Up 3.9 %

Herc stock opened at $132.96 on Wednesday. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.61 and a beta of 2.14. The company’s 50 day simple moving average is $175.41 and its 200 day simple moving average is $183.82. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc has a fifty-two week low of $119.60 and a fifty-two week high of $246.88.

Herc (NYSE:HRI) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. As a group, sell-side analysts anticipate that Herc will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.70 dividend. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s dividend payout ratio is 37.79%.

Hedge Funds Weigh In On Herc

Several institutional investors have recently modified their holdings of the business. Argent Capital Management LLC increased its stake in Herc by 38.2% during the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after purchasing an additional 1,910 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Herc in the fourth quarter valued at approximately $5,377,000. State Street Corp increased its position in shares of Herc by 0.5% during the third quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock worth $106,165,000 after acquiring an additional 3,006 shares in the last quarter. TT International Asset Management LTD raised its holdings in shares of Herc by 324.6% during the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock worth $2,287,000 after acquiring an additional 10,967 shares during the period. Finally, Motley Fool Wealth Management LLC lifted its position in Herc by 26.4% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock valued at $13,211,000 after acquiring an additional 17,315 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

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.