Herc (NYSE:HRI) Shares Down 7% – Here’s What Happened

07 Oct 2026, 17:41 by Danessa Lincoln · The Markets Daily

Herc Holdings Inc. (NYSE:HRI – Get Free Report) shares fell 7% during trading on Wednesday. The company traded as low as $124.40 and last traded at $125.33. 125,486 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 603,210 shares. The stock had previously closed at $134.73.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Herc from $176.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Citigroup lifted their price target on shares of Herc from $155.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. KeyCorp increased their price objective on shares of Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Herc from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised shares of Herc from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $165.00 to $175.00 in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Herc currently has an average rating of “Moderate Buy” and an average price target of $184.43.

Get Our Latest Analysis on Herc

Herc Trading Down 6.4%

The company has a debt-to-equity ratio of 4.22, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $4.22 billion, a PE ratio of 85.80 and a beta of 2.04. The stock has a fifty day moving average of $149.55 and a 200 day moving average of $136.98.

Herc (NYSE:HRI – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.67. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. Herc had a net margin of 1.01% and a return on equity of 10.33%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. As a group, sell-side analysts predict that Herc Holdings Inc. will post 6.97 earnings per share for the current fiscal year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $0.70 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 2.2%. Herc’s payout ratio is presently 190.48%.

Hedge Funds Weigh In On Herc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Herc during the 2nd quarter worth approximately $68,000. State of Wyoming raised its stake in Herc by 21.0% during the first quarter. State of Wyoming now owns 616 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 107 shares in the last quarter. NewEdge Advisors LLC raised its stake in Herc by 61.4% during the first quarter. NewEdge Advisors LLC now owns 694 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 264 shares in the last quarter. Nykredit A S bought a new position in Herc during the second quarter valued at $133,000. Finally, Arthur M. Cohen & Associates LLC bought a new position in Herc during the fourth quarter valued at $208,000. 93.11% of the stock is owned by institutional investors.

About Herc

(Get Free Report)

Herc Holdings Inc is an equipment rental supplier operating under the Herc Rentals brand. The company provides construction, industrial, commercial and government customers with access to equipment and related services without requiring them to purchase and maintain their own fleets.