Bailard Inc. Purchases Shares of 3,688 Herc Holdings Inc. (NYSE:HRI)

Bailard Inc. bought a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,688 shares of the transportation company's stock, valued at approximately $698,000.

Other institutional investors have also recently made changes to their positions in the company. Argent Capital Management LLC boosted its holdings in Herc by 38.2% during the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock valued at $1,308,000 after acquiring an additional 1,910 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock worth $55,000 after purchasing an additional 270 shares during the last quarter. State Street Corp boosted its stake in shares of Herc by 0.5% during the third 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 period. TT International Asset Management LTD grew its holdings in shares of Herc by 324.6% in the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company's stock worth $2,287,000 after purchasing an additional 10,967 shares during the last quarter. Finally, Motley Fool Wealth Management LLC increased its stake in 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 buying an additional 17,315 shares during the period. Institutional investors own 93.11% of the company's stock.

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Wall Street Analyst Weigh In

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

Herc Stock Up 1.9 %

Shares of Herc stock traded up $2.46 during trading on Friday, hitting $131.31. 536,325 shares of the stock traded hands, compared to its average volume of 299,414. 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's fifty day simple moving average is $186.08 and its 200 day simple moving average is $184.41. The firm has a market cap of $3.74 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.61 and a beta of 2.04. Herc Holdings Inc. has a 52-week low of $124.70 and a 52-week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last posted its 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). 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 analysts' expectations of $919.84 million. On average, equities analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is currently 37.79%.

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.