Motley Fool Asset Management LLC Buys 2,746 Shares of Herc Holdings Inc. (NYSE:HRI)

Motley Fool Asset Management LLC raised its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 5.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,360 shares of the transportation company's stock after buying an additional 2,746 shares during the quarter. Motley Fool Asset Management LLC owned 0.17% of Herc worth $9,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bryce Point Capital LLC acquired a new position in shares of Herc during the fourth quarter valued at about $512,000. Trexquant Investment LP bought a new stake in shares of Herc in the 4th quarter worth approximately $5,395,000. Franklin Resources Inc. grew its holdings in shares of Herc by 110.7% during the 4th quarter. Franklin Resources Inc. now owns 245,544 shares of the transportation company's stock worth $46,489,000 after purchasing an additional 129,032 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Herc by 39.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,972 shares of the transportation company's stock valued at $752,000 after purchasing an additional 1,127 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Herc by 12.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock valued at $527,000 after purchasing an additional 315 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Price Performance

NYSE:HRI traded down $1.94 on Tuesday, reaching $117.56. The stock had a trading volume of 159,616 shares, compared to its average volume of 340,352. Herc Holdings Inc. has a 1-year low of $110.65 and a 1-year high of $246.88. The company has a market capitalization of $3.35 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a fifty day moving average price of $158.71 and a 200-day moving average price of $183.67.

Remove Ads

Herc (NYSE:HRI - Get Free Report) last released 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). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Herc's previous quarterly dividend of $0.67. Herc's payout ratio is currently 37.79%.

Analysts Set New Price Targets

HRI has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Citigroup began coverage on shares of Herc in a research report on Monday, March 24th. They issued a "buy" rating and a $165.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Herc has a consensus rating of "Moderate Buy" and a consensus price target of $202.20.

Herc Company 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.