2,633 Shares in Herc Holdings Inc. (NYSE:HRI) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,633 shares of the transportation company's stock, valued at approximately $499,000.

Other hedge funds have also modified their holdings of the company. Argent Capital Management LLC grew its stake 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 in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Herc in the fourth quarter valued at approximately $5,377,000. State Street Corp increased its holdings in shares of Herc by 0.5% in 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 last quarter. TT International Asset Management LTD lifted its position in Herc by 324.6% during the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company's stock worth $2,287,000 after buying an additional 10,967 shares in the last quarter. Finally, Motley Fool Wealth Management LLC lifted its position in 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HRI has been the subject of a number of recent research reports. Citigroup began coverage on Herc in a research note on Monday. They issued a "buy" rating and a $165.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Herc has a consensus rating of "Moderate Buy" and an average target price of $202.20.

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Herc Trading Down 1.7 %

Shares of NYSE HRI traded down $2.37 during mid-day trading on Wednesday, reaching $140.66. 434,484 shares of the company's stock were exchanged, compared to its average volume of 318,311. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 52-week low of $119.60 and a 52-week high of $246.88. The company's 50-day moving average is $171.66 and its 200-day moving average is $184.19. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly 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). 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%. Analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.70 dividend. This is an increase from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, February 18th. Herc's payout ratio is currently 37.79%.

Herc 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.