American Century Companies Inc. Acquires 6,777 Shares of Herc Holdings Inc. (NYSE:HRI)

American Century Companies Inc. increased its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 812,270 shares of the transportation company's stock after purchasing an additional 6,777 shares during the quarter. American Century Companies Inc. owned approximately 2.86% of Herc worth $153,787,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after acquiring an additional 167 shares during the period. PNC Financial Services Group Inc. raised its position in Herc by 54.6% in 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 in the last quarter. Farther Finance Advisors LLC lifted its stake in Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after purchasing an additional 117 shares during the period. Truvestments Capital LLC acquired a new stake in Herc during the third quarter valued at approximately $80,000. Finally, Venturi Wealth Management LLC boosted its holdings in Herc by 564.0% during the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock valued at $140,000 after purchasing an additional 626 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

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Analysts Set New Price Targets

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

Herc Price Performance

Shares of Herc stock traded down $1.31 during trading on Thursday, reaching $139.50. The company's stock had a trading volume of 419,626 shares, compared to its average volume of 319,577. The stock has a 50-day moving average price of $170.45 and a two-hundred day moving average price of $183.88. The stock has a market capitalization of $3.97 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. 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 one year low of $119.60 and a one year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share 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 company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. As a group, sell-side analysts anticipate that Herc Holdings Inc. will post 12.84 EPS 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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.01%. This is a positive change from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc's dividend payout ratio (DPR) is presently 37.79%.

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.