Advisors Asset Management Inc. lifted its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,384 shares of the transportation company's stock after purchasing an additional 2,693 shares during the quarter. Advisors Asset Management Inc. owned 0.10% of Herc worth $5,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Argent Capital Management LLC lifted its stake in shares of Herc by 38.2% in the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock worth $1,308,000 after buying an additional 1,910 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Herc in the 4th quarter valued at approximately $5,377,000. State Street Corp boosted its stake in Herc by 0.5% during the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company's stock valued at $106,165,000 after purchasing an additional 3,006 shares during the last quarter. TT International Asset Management LTD boosted its stake in Herc by 324.6% during the 3rd quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company's stock valued at $2,287,000 after purchasing an additional 10,967 shares during the last quarter. Finally, Motley Fool Wealth Management LLC increased its holdings in shares of Herc by 26.4% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company's stock worth $13,211,000 after purchasing an additional 17,315 shares in the last quarter. Institutional investors own 93.11% of the company's stock.
Herc Stock Performance
Shares of NYSE HRI traded up $7.05 during midday trading on Monday, hitting $142.66. 464,375 shares of the company's stock traded hands, compared to its average volume of 316,027. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The firm has a fifty day moving average of $173.62 and a 200 day moving average of $184.06. Herc Holdings Inc. has a 1 year low of $119.60 and a 1 year high of $246.88.
Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. On average, analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current year.
Herc Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.96%. Herc's payout ratio is 37.79%.
Analysts Set New Price Targets
Several equities research analysts recently commented on HRI shares. 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 report on Wednesday, March 19th. Citigroup began coverage on shares of Herc in a research note on Monday. They issued a "buy" rating and a $165.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Herc presently has a consensus rating of "Moderate Buy" and an average target price of $202.20.
View Our Latest Research Report on HRI
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.
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