Proficio Capital Partners LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 28,400 shares of the transportation company's stock, valued at approximately $5,377,000. Proficio Capital Partners LLC owned approximately 0.10% of Herc at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Herc by 64.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,589 shares of the transportation company's stock valued at $1,815,000 after purchasing an additional 3,771 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Herc in the 4th quarter valued at $248,000. Jones Financial Companies Lllp increased its holdings in Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after purchasing an additional 167 shares in the last quarter. Bailard Inc. acquired a new stake in Herc in the 4th quarter valued at $698,000. Finally, Jacobi Capital Management LLC increased its holdings in Herc by 27.8% in the 4th quarter. Jacobi Capital Management LLC now owns 2,338 shares of the transportation company's stock valued at $443,000 after purchasing an additional 508 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered their target price on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $211.50.
Read Our Latest Analysis on HRI
Herc Stock Up 1.8 %
Shares of Herc stock traded up $2.38 during trading hours on Thursday, hitting $135.09. 473,733 shares of the company's stock traded hands, compared to its average volume of 311,738. The stock has a 50 day simple moving average of $175.41 and a 200-day simple moving average of $183.82. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a market cap of $3.84 billion, a PE ratio of 18.23, a PEG ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88.
Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. Equities research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.
Herc Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.07%. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc's dividend payout ratio (DPR) is 37.79%.
About Herc
(
Free Report)
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.
Read More
Before you consider Herc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Herc wasn't on the list.
While Herc currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
