Herc Holdings Inc. (NYSE:HRI) Position Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 578.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,130 shares of the transportation company's stock after buying an additional 197,082 shares during the quarter. Allianz Asset Management GmbH owned 0.81% of Herc worth $43,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in 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 acquiring an additional 1,910 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock valued at $55,000 after purchasing an additional 270 shares in the last quarter. State Street Corp raised its position in shares of Herc by 0.5% in 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 in the last quarter. TT International Asset Management LTD boosted its stake in shares of 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 buying an additional 10,967 shares during the last quarter. Finally, Motley Fool Wealth Management LLC grew its position in shares of Herc by 26.4% during the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company's stock worth $13,211,000 after buying an additional 17,315 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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Herc Stock Performance

Shares of HRI traded up $2.72 during mid-day trading on Wednesday, hitting $150.52. The stock had a trading volume of 875,259 shares, compared to its average volume of 452,933. 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 $4.28 billion, a PE ratio of 20.31, a PEG ratio of 1.61 and a beta of 2.04. Herc Holdings Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $246.88. The company's fifty day simple moving average is $193.20 and its two-hundred day simple moving average is $184.89.

Herc (NYSE:HRI - Get Free Report) last released its 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 net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. On average, equities analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 1.86%. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio (DPR) is currently 37.79%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their price target on shares of Herc from $204.00 to $234.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $219.75.

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.