The Vanguard Group, Inc. has recently announced that it has increased stake in Herc Holdings Inc. (NYSE:HRI) by 0.54%. After grabbing 2.38 million shares, the institutional investor is now in possession of 12738.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 8.12% having worth around $312.54 million. Moreover, AllianceBernstein LP increased its share by 6855.0 to have a control over 2.15 million shares. And Franklin Mutual Advisers LLC raised its holdings to 0.32 million shares by acquiring 1.16 million shares or 3.98% of the stake.
Herc Holdings Inc. (HRI) concluded trading on 01/18/23 at a closing price of $143.84, with 0.22 million shares of worth about $31.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.15% during that period and on Wednesday the price saw a gain of about 0.51%. Currently the company’s common shares owned by public are about 29.70M shares, out of which, 28.97M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the HRI stock and their offered price forecasts bring an average price target of $182.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $304.00 and could fall to a lowest price of $130.00. The stock’s current price level is 10.03% above of average price target set by the analysts, while a rise to estimated low would result in loss of -10.65% for the stock. However, touching the estimated high of $304.00 would mean a gain of 52.68% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 52 times over the past 12 months. They bought 91,133 shares in 16 of the transactions. In 36 selling transactions, insiders dumped 371,015 shares.
1290 VT GAMCO Small Company Value, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Herc Holdings Inc. 1290 VT GAMCO Small Company Value is currently holding 0.88 million shares of worth totaling $116.06 million. The company recently came selling 1000.0 shares which brought its stake up to 3.02% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1070.0 shares, after which its hold over company’s outstanding shares expand to 2.61%, leaving 0.76 million shares with the mutual fund that have a worth of about $100.52 million. Vanguard Small Cap Index Fund, after buying 0.66 million shares, have now control over 2.24% of the stake in the company. It holds 54.0 shares of worth $86.33 million.
Herc Holdings Inc. (NYSE: HRI) started trading at $145.18, above $2.07 from concluding price of the previous day. However, the stock later moved at a day high price of 147.59, or with a gain of 0.51%. Stock saw a price change of -1.95% in past 5 days and over the past one month there was a price change of 13.97%. Year-to-date (YTD), HRI shares are showing a performance of 9.33% which decreased to -11.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $83.43 but also hit the highest price of $175.00 during that period. The average intraday trading volume for Herc Holdings Inc. shares is 188.97K. The stock is currently trading 6.61% above its 20-day simple moving average (SMA20), while that difference is up 9.09% for SMA50 and it goes to 20.43% higher than SMA200.
The Vanguard Group, Inc. acquired 2.38 million shares of Herc Holdings Inc. having value of about $312.54 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 12738.0 shares in the company valued at close to $1832233.92, or have control over 0.54% stake in the company. Herc Holdings Inc. (NYSE: HRI) currently have 29.70M outstanding shares and institutions hold larger chunk of about 98.80% of that. Holding of mutual funds in the company is about 43.56% while other institutional holders and individual stake holders have control over 53.99% and 15.42% of the stake respectively.
The stock has a current market capitalization of $4.26B and its 3Y-monthly beta is at 2.49. PE ratio of stock for trailing 12 months is 14.35, while it has posted earnings per share of $10.03 in the same period. Its PEG reads 1.17 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 2.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HRI, volatility over the week remained 3.52% while standing at 3.48% over the month.
Analysts are in expectations that Herc Holdings Inc. (HRI) stock would likely to be making an EPS of $3.53 in the current quarter, while forecast for next quarter EPS is $2.29 and it is $13.71 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.17 which is $3.85 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 194.10% while it is estimated to increase by 20.22% in next year. EPS is likely to shrink at an annualized rate of 12.30% for next 5-years, compared to annual growth of 66.00% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Herc Holdings Inc. (HRI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 10 Wall Street analysts, 7 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on March 11, 2022 offering an Overweight rating for the stock and assigned a target price of $205 to it. Coverage by Northcoast stated Herc Holdings Inc. (HRI) stock as a Buy in their note to investors on January 21, 2022, suggesting a price target of $205 for the stock. On December 21, 2021, Robert W. Baird Downgrade their recommendations, while on July 23, 2021, Goldman Reiterated their ratings for the stock with a price target of $143. Stock get a Neutral rating from Northcoast on March 10, 2021.