The Goldman Sachs Group Lowers Herc (NYSE:HRI) Price Target to $201.00

Herc (NYSE:HRI) had its target price lowered by investment analysts at The Goldman Sachs Group from $234.00 to $201.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 56.22% from the company’s previous close.

Herc Stock Up 0.5 %

HRI stock traded up $0.69 during mid-day trading on Wednesday, reaching $128.66. 40,918 shares of the company traded hands, compared to its average volume of 484,995. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.61 and a beta of 2.14. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc has a fifty-two week low of $119.60 and a fifty-two week high of $246.88. The firm’s 50 day moving average price is $176.39 and its 200 day moving average price is $184.18.

Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. As a group, equities research analysts predict that Herc will post 12.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Herc

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp raised its holdings in shares of Herc by 693.3% in the 4th quarter. Mackenzie Financial Corp now owns 14,001 shares of the transportation company’s stock worth $2,651,000 after purchasing an additional 12,236 shares during the period. Castleark Management LLC bought a new stake in shares of Herc in the 4th quarter worth approximately $6,049,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Herc by 55.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,571 shares of the transportation company’s stock worth $19,988,000 after purchasing an additional 37,805 shares during the period. Voloridge Investment Management LLC raised its holdings in shares of Herc by 178.7% in the 4th quarter. Voloridge Investment Management LLC now owns 120,936 shares of the transportation company’s stock worth $22,897,000 after purchasing an additional 77,548 shares during the period. Finally, Twinbeech Capital LP purchased a new position in Herc in the 4th quarter valued at approximately $1,987,000. Institutional investors 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.