Stocks like Herc Holdings Inc. [HRI] still have plenty of sunny days ahead

In yesterday’s Wall Street session, Herc Holdings Inc. (NYSE:HRI) shares traded at $120.20, up 4.94% from the previous session.

As of this writing, 9 analysts cover Herc Holdings Inc. (NYSE:HRI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $326.00 and a low of $160.00, we find $175.00. Given the previous closing price of $114.54, this indicates a potential upside of 52.79 percent. HRI stock price is now -17.16% away from the 50-day moving average and -1.84% away from the 200-day moving average. The market capitalization of the company currently stands at $3.76B.

There are 2 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $196.44 as their price target over the next twelve months.

With the price target of $205, Wells Fargo recently initiated with Overweight rating for Herc Holdings Inc. (NYSE: HRI). On January 21, 2022, Northcoast Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $205, while ‘Robert W. Baird’ rates the stock as ‘Neutral’.

In other news, Silber Lawrence Harris, President & CEO sold 3,401 shares of the company’s stock on Mar 01. The stock was sold for $493,349 at an average price of $145.06. Upon completion of the transaction, the President & CEO now directly owns 225,010 shares in the company, valued at $27.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27, SVP & Chief Operating Officer Birnbaum Aaron sold 6,141 shares of the business’s stock. A total of $870,132 was realized by selling the stock at an average price of $141.69. This leaves the insider owning 44,809 shares of the company worth $5.39 million. Insiders disposed of 1,193,870 shares of company stock worth roughly $143.5 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in HRI stock. A new stake in Herc Holdings Inc. shares was purchased by CHANNING CAPITAL MANAGEMENT, LLC during the first quarter worth $28,075,000. JENNISON ASSOCIATES LLC invested $19,406,000 in shares of HRI during the first quarter. In the first quarter, AGF MANAGEMENT LTD acquired a new stake in Herc Holdings Inc. valued at approximately $10,104,000. AROSA CAPITAL MANAGEMENT LP acquired a new stake in HRI for approximately $3,606,000. OAK RIDGE INVESTMENTS LLC purchased a new stake in HRI valued at around $2,116,000 in the second quarter. In total, there are 341 active investors with 98.80% ownership of the company’s stock.

Tuesday morning saw Herc Holdings Inc. (NYSE: HRI) opened at $118.93. During the past 12 months, Herc Holdings Inc. has had a low of $83.43 and a high of $171.74. As of last week, the company has a debt-to-equity ratio of 2.65, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for HRI is $144.87 and a two-hundred day moving average price translates $122.50 for the stock.

The latest earnings results from Herc Holdings Inc. (NYSE: HRI) was released for Sep, 2022. According to the Rental & Leasing Services Company, earnings per share came in at $3.42, missing analysts’ expectations of $3.53 by -0.11. This compares to $2.36 EPS in the same period last year. The net profit margin was 12.00% and return on equity was 30.90% for HRI. The company reported revenue of $786.0 million for the quarter, compared to $578.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.99 percent. For the current quarter, analysts expect HRI to generate $773.27M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/09/2023. Investors who held shares on 02/22/2023 were paid a $0.6325 dividend. On an annualized basis, this represents a $2.53 dividend and a 2.10% percent yield. There was an ex-dividend date of 02/21/2023 for this dividend. In terms of dividend payout ratio, HRI is presently at 20.60%.

Herc Holdings Inc.(HRI) Company Profile

Herc Holdings Inc., through its subsidiaries, operates as an equipment rental supplier in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. The company also provides ProSolutions, an industry specific solution-based services, which include power generation, climate control, remediation and restoration, pump, trench shoring, and studio and production equipment; and ProContractor professional grade tools. In addition, it offers various services, including repair, maintenance, equipment management, and safety training; and equipment re-rental and on-site support services, as well as ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. Further, the company sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, food and beverage, and refineries and petrochemical industries; infrastructure and government sectors; and commercial facilities, hospitality, healthcare, recreation, entertainment production, and special event management customers. The company sells its products through its sales team and industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. Herc Holdings Inc. was founded in 1965 and is based in Bonita Springs, Florida.