CenterBook Partners LP Buys Shares of 2,863 Herc Holdings Inc. (NYSE:HRI)

CenterBook Partners LP acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,863 shares of the transportation company's stock, valued at approximately $542,000.

Several other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after buying an additional 167 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after acquiring an additional 80 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after acquiring an additional 130 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after acquiring an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after purchasing an additional 626 shares during the period. 93.11% of the stock is owned by institutional investors.

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Herc Trading Down 1.4 %

Shares of Herc stock traded down $1.64 on Tuesday, hitting $117.48. 245,113 shares of the company traded hands, compared to its average volume of 349,182. Herc Holdings Inc. has a 52 week low of $109.39 and a 52 week high of $246.88. The company has a market cap of $3.35 billion, a PE ratio of 15.85, a PEG ratio of 1.61 and a beta of 1.93. The stock's 50 day moving average price is $146.94 and its 200-day moving average price is $181.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share 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 firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Equities research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Herc's previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. Herc's dividend payout ratio is 37.79%.

Analyst Ratings Changes

A number of analysts recently weighed in on HRI shares. The Goldman Sachs Group reduced their price objective on shares of Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Citigroup cut their price objective on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Three equities research 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 stock has a consensus rating of "Moderate Buy" and an average 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.