Herc Holdings Inc. (NYSE:HRI) has earned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $43.00.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Herc Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. ValuEngine raised Herc Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. MKM Partners reissued a “buy” rating and set a $22.00 price target on shares of Herc Holdings in a research report on Friday, July 7th. Finally, Sidoti lowered Herc Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th.
Shares of Herc Holdings (NYSE:HRI) traded down 1.46% during trading on Wednesday, hitting $45.18. 291,667 shares of the stock were exchanged. The firm has a 50 day moving average of $41.94 and a 200-day moving average of $43.10. The company’s market cap is $1.28 billion. Herc Holdings has a 12-month low of $28.66 and a 12-month high of $52.96.
Herc Holdings (NYSE:HRI) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.25. The business had revenue of $416 million for the quarter, compared to analyst estimates of $397 million. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.28) EPS. On average, analysts forecast that Herc Holdings will post ($0.55) earnings per share for the current year.
In related news, COO James Bruce Dressel bought 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $39.02 per share, with a total value of $97,550.00. Following the completion of the transaction, the chief operating officer now directly owns 41,402 shares of the company’s stock, valued at $1,615,506.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carl C. Icahn bought 109,249 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $38.95 per share, for a total transaction of $4,255,248.55. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Herc Holdings in the second quarter worth $372,000. Proxima Capital Management LLC increased its position in Herc Holdings by 20.8% in the second quarter. Proxima Capital Management LLC now owns 220,007 shares of the transportation company’s stock worth $8,651,000 after buying an additional 37,900 shares during the period. Schneider Capital Management Corp increased its position in Herc Holdings by 83.3% in the second quarter. Schneider Capital Management Corp now owns 733,953 shares of the transportation company’s stock worth $28,859,000 after buying an additional 333,646 shares during the period. The Manufacturers Life Insurance Company increased its position in Herc Holdings by 2,022.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,974 shares of the transportation company’s stock worth $746,000 after buying an additional 18,080 shares during the period. Finally, BlueCrest Capital Management Ltd increased its position in Herc Holdings by 510.0% in the second quarter. BlueCrest Capital Management Ltd now owns 44,557 shares of the transportation company’s stock worth $1,752,000 after buying an additional 37,252 shares during the period.
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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