Herc (NYSE:HRI) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Herc from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Buckingham Research raised shares of Herc from a “neutral” rating to a “buy” rating and increased their price objective for the company from $67.00 to $70.00 in a research report on Friday, July 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $66.33.

Shares of NYSE:HRI opened at $39.83 on Thursday. The company has a debt-to-equity ratio of 4.48, a current ratio of 0.84 and a quick ratio of 0.80. Herc has a 52-week low of $38.67 and a 52-week high of $72.99. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -126.66 and a beta of 2.41.

Herc (NYSE:HRI) last issued its quarterly earnings data 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 net margin of 11.61% and a return on equity of 3.55%. The firm had revenue of $485.50 million during the quarter, compared to analyst estimates of $462.50 million. During the same period last year, the business earned $0.06 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, analysts anticipate that Herc will post 1.36 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of HRI. Bank of New York Mellon Corp boosted its stake in shares of Herc by 77.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 624,247 shares of the transportation company’s stock valued at $35,171,000 after buying an additional 273,404 shares during the last quarter. Delek Group Ltd. purchased a new position in shares of Herc during the 2nd quarter valued at approximately $7,745,000. BlackRock Inc. boosted its stake in shares of Herc by 7.0% during the 2nd quarter. BlackRock Inc. now owns 1,671,377 shares of the transportation company’s stock valued at $94,167,000 after buying an additional 109,882 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Herc by 3.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,398,647 shares of the transportation company’s stock valued at $191,480,000 after buying an additional 100,941 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Herc by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 986,107 shares of the transportation company’s stock valued at $55,558,000 after buying an additional 75,475 shares during the last quarter. 97.74% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Herc (NYSE:HRI)

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