Herc Holdings Inc. (NYSE:HRI) Stock Holdings Raised by Fmr LLC

FMR LLC grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 69.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,245,168 shares of the transportation company's stock after purchasing an additional 508,359 shares during the quarter. FMR LLC owned approximately 4.38% of Herc worth $235,748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Argent Capital Management LLC boosted its stake in Herc by 38.2% in the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock worth $1,308,000 after buying an additional 1,910 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Herc during the 4th quarter worth about $5,377,000. State Street Corp boosted its position 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 worth $106,165,000 after acquiring an additional 3,006 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Herc in the fourth quarter valued at approximately $62,982,000. Finally, Orion Portfolio Solutions LLC increased its position in Herc by 12.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after purchasing an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HRI shares. JPMorgan Chase & Co. decreased their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday. Citigroup lowered their price target on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price objective on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Herc currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.20.

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Herc Stock Down 1.4 %

NYSE:HRI traded down $1.64 during mid-day trading on Tuesday, hitting $117.48. The company had a trading volume of 245,113 shares, compared to its average volume of 348,940. The business has a fifty day simple moving average of $146.94 and a 200-day simple moving average of $181.61. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.61 and a beta of 1.93. Herc Holdings Inc. has a 1 year low of $109.39 and a 1 year high of $246.88. 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 released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Equities analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

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