Great Lakes Advisors LLC Sells 4,404 Shares of Herc Holdings Inc. (NYSE:HRI)

Great Lakes Advisors LLC cut its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,585 shares of the transportation company's stock after selling 4,404 shares during the period. Great Lakes Advisors LLC owned about 0.11% of Herc worth $6,169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after buying an additional 117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Herc by 23.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,278 shares of the transportation company's stock worth $1,378,000 after acquiring an additional 1,366 shares in the last quarter. Ruffer LLP acquired a new stake in shares of Herc during the fourth quarter worth about $3,665,000. PNC Financial Services Group Inc. raised its position in shares of Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after purchasing an additional 130 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Herc during the 4th quarter valued at about $2,926,000. 93.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their target price on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Herc currently has a consensus rating of "Hold" and an average target price of $219.75.

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Herc Stock Down 0.6 %

Shares of HRI traded down $0.77 during midday trading on Monday, hitting $128.51. The stock had a trading volume of 398,746 shares, compared to its average volume of 308,617. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a 50 day simple moving average of $178.66 and a two-hundred day simple moving average of $184.42. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). The firm had revenue of $934.00 million during 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%. On average, analysts anticipate 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. Stockholders of record on Tuesday, February 18th were issued 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 dividend on an annualized basis and a dividend yield of 2.18%. Herc's dividend payout ratio (DPR) is 37.79%.

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.