Herc (NYSE:HRI) PT Raised to $200.00 at JPMorgan Chase & Co.

Herc (NYSE:HRI) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $150.00 to $200.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.61% from the company’s previous close.

A number of other analysts have also weighed in on HRI. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird reiterated a “neutral” rating and issued a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.75.

Herc Trading Up 0.7 %

HRI stock traded up $1.11 during midday trading on Monday, reaching $167.21. 14,013 shares of the company traded hands, compared to its average volume of 223,222. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.00 and a beta of 2.07. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. The business has a 50 day moving average of $145.27 and a 200-day moving average of $145.91. Herc has a 52-week low of $100.17 and a 52-week high of $171.00.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.34). Herc had a return on equity of 26.99% and a net margin of 10.00%. The company had revenue of $848.00 million during the quarter, compared to the consensus estimate of $813.05 million. As a group, sell-side analysts expect that Herc will post 13.68 earnings per share for the current fiscal year.

Insider Activity

In other Herc news, SVP Tamir Peres sold 5,821 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the sale, the chief operating officer now directly owns 38,232 shares in the company, valued at $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the transaction, the senior vice president now directly owns 35,415 shares in the company, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Herc

A number of institutional investors have recently made changes to their positions in HRI. Vanguard Group Inc. boosted its holdings in Herc by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after acquiring an additional 38,798 shares in the last quarter. Tidal Investments LLC acquired a new stake in Herc in the 1st quarter worth approximately $990,000. SG Americas Securities LLC grew its position in Herc by 226.4% during the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock worth $752,000 after purchasing an additional 3,914 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Herc by 232.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock valued at $2,461,000 after purchasing an additional 10,217 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Herc by 15,137.8% in the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock worth $914,000 after buying an additional 6,812 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Company Profile

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.