Herc Holdings Inc. (NYSE:HRI) Holdings Reduced by Foundry Partners LLC

Foundry Partners LLC lessened its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,590 shares of the transportation company's stock after selling 7,074 shares during the period. Foundry Partners LLC owned about 0.08% of Herc worth $4,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System raised its holdings in Herc by 0.9% in the 4th quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock valued at $1,482,000 after acquiring an additional 68 shares during the last quarter. Stifel Financial Corp lifted its position in Herc by 4.1% during the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock worth $322,000 after buying an additional 80 shares during the period. Nomura Asset Management Co. Ltd. lifted 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 worth $44,000 after buying an additional 80 shares during the period. Salem Investment Counselors Inc. boosted its stake in Herc by 0.4% in the 4th quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after buying an additional 90 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after acquiring an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

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Herc Stock Down 7.2 %

NYSE HRI traded down $9.31 during mid-day trading on Thursday, reaching $119.60. 120,149 shares of the company's stock traded hands, compared to its average volume of 345,086. 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 Holdings Inc. has a 1-year low of $109.39 and a 1-year high of $246.88. The company has a fifty day simple moving average of $152.07 and a 200-day simple moving average of $182.30. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly 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 return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. As a group, equities research analysts expect 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is currently 37.79%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HRI. Citigroup cut their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday. The Goldman Sachs Group reduced their target price on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Herc has a consensus rating of "Moderate Buy" and a consensus target price of $197.20.

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.