Herc Holdings Inc. (HRI) To Go Ex-Dividend on February 18th

Herc Holdings Inc. (NYSE:HRI) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.70 per share by the transportation company on Tuesday, March 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67.

Herc has raised its dividend payment by an average of 74.6% annually over the last three years. Herc has a payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Herc to earn $15.09 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 18.6%.

Herc Trading Up 0.9 %

Shares of HRI opened at $205.82 on Thursday. The business’s 50-day moving average price is $202.35 and its 200-day moving average price is $180.05. Herc has a twelve month low of $124.70 and a twelve month high of $246.88. The stock has a market cap of $5.85 billion, a PE ratio of 16.83, a P/E/G ratio of 1.06 and a beta of 2.04. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HRI. JPMorgan Chase & Co. upped their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays upped their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price objective on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $219.75.

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.