American Century Companies Inc. Boosts Position in Herc Holdings Inc. (NYSE:HRI)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in shares of Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after purchasing an additional 167 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after buying an additional 130 shares during the last quarter. Truvestments Capital LLC acquired a new position in Herc in the 3rd quarter valued at $80,000. Farther Finance Advisors LLC raised its position 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 last quarter. Finally, Venturi Wealth Management LLC raised its position in Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after buying an additional 626 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

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Analyst Upgrades and Downgrades

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

Herc Trading Up 0.1 %

HRI traded up $0.20 during trading on Tuesday, hitting $142.95. The company's stock had a trading volume of 393,908 shares, compared to its average volume of 315,979. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88. The firm's 50 day moving average price is $172.82 and its 200-day moving average price is $184.11. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $4.07 billion, a PE ratio of 19.29, a PEG ratio of 1.61 and a beta of 2.14.

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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $919.84 million. On average, analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 1.96%. 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.