EULAV Asset Management Takes Position in Herc Holdings Inc. (NYSE:HRI)

EULAV Asset Management acquired a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,100 shares of the transportation company's stock, valued at approximately $1,534,000.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV increased its stake in shares of Herc by 34.7% in the fourth quarter. KBC Group NV now owns 1,150 shares of the transportation company's stock valued at $218,000 after buying an additional 296 shares during the period. Eagle Wealth Strategies LLC acquired a new position in shares of Herc during the 4th quarter valued at $235,000. Atomi Financial Group Inc. grew its stake in shares of Herc by 43.8% in the 4th quarter. Atomi Financial Group Inc. now owns 1,970 shares of the transportation company's stock valued at $373,000 after buying an additional 600 shares during the period. Artemis Investment Management LLP acquired a new stake in Herc in the fourth quarter valued at approximately $71,211,000. Finally, Hennessy Advisors Inc. bought a new stake in Herc during the 4th quarter valued at $62,982,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Up 0.2 %

Shares of Herc stock traded up $0.36 during midday trading on Wednesday, hitting $207.88. The company had a trading volume of 365,020 shares, compared to its average volume of 287,715. Herc Holdings Inc. has a 52-week low of $124.70 and a 52-week high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The company has a 50 day moving average of $199.93 and a 200 day moving average of $182.00. The stock has a market capitalization of $5.91 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.08 and a beta of 2.04.

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 dividend of $0.70 per share. This is a boost from Herc's previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Tuesday, February 18th. Herc's dividend payout ratio is currently 21.75%.

Analyst Upgrades and Downgrades

HRI has been the topic of several analyst reports. Barclays boosted their price target on shares of Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Herc has a consensus rating of "Hold" and a consensus price target of $219.75.

About Herc

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.