29,039 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Walleye Capital LLC

Walleye Capital LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,039 shares of the transportation company's stock, valued at approximately $5,498,000. Walleye Capital LLC owned about 0.10% of Herc at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Herc by 5.2% in the 4th quarter. Barclays PLC now owns 54,750 shares of the transportation company's stock valued at $10,365,000 after buying an additional 2,692 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Herc by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock valued at $558,000 after acquiring an additional 94 shares in the last quarter. Townsquare Capital LLC raised its position in Herc by 15.2% in the 4th quarter. Townsquare Capital LLC now owns 2,656 shares of the transportation company's stock worth $503,000 after purchasing an additional 351 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Herc by 2.2% in the fourth quarter. Sterling Capital Management LLC now owns 11,505 shares of the transportation company's stock valued at $2,178,000 after acquiring an additional 245 shares during the last quarter. Finally, F M Investments LLC grew its holdings in Herc by 12.0% during the 4th quarter. F M Investments LLC now owns 2,941 shares of the transportation company's stock worth $557,000 after acquiring an additional 316 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Performance

Shares of NYSE:HRI traded down $11.73 on Tuesday, reaching $99.78. 278,783 shares of the company's stock were exchanged, compared to its average volume of 353,809. The company has a fifty day moving average of $137.92 and a 200-day moving average of $180.14. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a twelve month low of $96.19 and a twelve month high of $246.88. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $2.46 by ($1.16). Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.81%. This is a positive change 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%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.20.

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.