Herc Holdings Inc. (NYSE:HRI) Stock Holdings Decreased by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 58.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,298 shares of the transportation company's stock after selling 350,438 shares during the period. Alliancebernstein L.P. owned approximately 0.88% of Herc worth $47,389,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HRI. Arizona State Retirement System boosted its holdings in Herc by 0.9% in the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock valued at $1,482,000 after purchasing an additional 68 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock valued at $322,000 after buying an additional 80 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after buying an additional 80 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Herc by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after buying an additional 90 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after acquiring an additional 117 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts have weighed in on HRI shares. The Goldman Sachs Group decreased their price objective on shares of Herc from $234.00 to $201.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Citigroup lowered their price objective on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $197.20.

Herc Stock Performance

HRI traded down $10.40 on Thursday, hitting $118.51. 67,441 shares of the company's stock were exchanged, compared to its average volume of 344,862. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a fifty day moving average of $152.07 and a two-hundred day moving average of $182.30. Herc Holdings Inc. has a twelve month low of $109.39 and a twelve month high of $246.88. The firm has a market cap of $3.38 billion, a PE ratio of 15.98, a P/E/G ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.36%. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's payout ratio is currently 37.79%.

About Herc

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.