Herc Holdings Inc. (NYSE:HRI) reached a new 52-week low during trading on Thursday . The company traded as low as $38.12 and last traded at $37.83, with a volume of 17943 shares changing hands. The stock had previously closed at $41.10.
HRI has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Herc from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine cut shares of Herc from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, Buckingham Research upgraded shares of Herc from a “neutral” rating to a “buy” rating and increased their price target for the company from $67.00 to $70.00 in a report on Friday, July 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Herc has an average rating of “Hold” and an average target price of $66.33.
The company has a debt-to-equity ratio of 4.48, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market capitalization of $1.01 billion, a PE ratio of 64.36 and a beta of 2.41.
Herc (NYSE:HRI) last issued its earnings results on Wednesday, August 8th. The transportation company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.09). Herc had a return on equity of 3.55% and a net margin of 11.61%. The company had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $462.50 million. During the same quarter in the prior year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts forecast that Herc Holdings Inc. will post 1.36 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in Herc in the second quarter worth approximately $118,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in Herc by 138.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,581 shares of the transportation company’s stock worth $202,000 after purchasing an additional 2,081 shares during the last quarter. Natixis purchased a new stake in Herc in the second quarter worth approximately $203,000. Xact Kapitalforvaltning AB purchased a new stake in Herc in the first quarter worth approximately $238,000. Finally, Sun Life Financial INC purchased a new stake in Herc in the second quarter worth approximately $213,000. Institutional investors own 94.77% of the company’s stock.
Herc Company Profile (NYSE:HRI)
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.
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