Barclays PLC Boosts Stake in Herc Holdings Inc. (NYSE:HRI)

Barclays PLC lifted its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,750 shares of the transportation company's stock after acquiring an additional 2,692 shares during the quarter. Barclays PLC owned 0.19% of Herc worth $10,365,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Summit Investment Advisors Inc. increased its holdings in Herc by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after purchasing an additional 94 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of Herc by 15.2% in the fourth quarter. Townsquare Capital LLC now owns 2,656 shares of the transportation company's stock worth $503,000 after buying an additional 351 shares during the last quarter. Sterling Capital Management LLC raised 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 in the last quarter. F M Investments LLC boosted its stake in Herc by 12.0% during the 4th quarter. F M Investments LLC now owns 2,941 shares of the transportation company's stock valued at $557,000 after acquiring an additional 316 shares during the last quarter. Finally, CenterBook Partners LP acquired a new position in Herc during the 4th quarter worth $542,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Performance

Shares of HRI stock opened at $103.08 on Wednesday. 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 business has a 50 day moving average of $136.05 and a two-hundred day moving average of $179.60. The company has a market cap of $2.94 billion, a P/E ratio of 13.91, a PEG ratio of 1.61 and a beta of 1.93. Herc Holdings Inc. has a 52 week low of $96.19 and a 52 week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $2.46 by ($1.16). The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter in the previous year, the company earned $2.36 earnings per share. As a group, analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.70 dividend. 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 annualized dividend and a yield of 2.72%. Herc's dividend payout ratio (DPR) is currently 37.79%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Herc in a report on Tuesday. Finally, Citigroup lowered their price target on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Herc presently has an average 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.

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