Herc Holdings Inc. (NYSE:HRI) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 72.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,685 shares of the transportation company's stock after purchasing an additional 12,089 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.10% of Herc worth $5,431,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HRI. Arizona State Retirement System raised its stake in Herc by 0.9% in the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock valued at $1,482,000 after buying an additional 68 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Herc by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock valued at $322,000 after acquiring an additional 80 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares in the last quarter. Salem Investment Counselors Inc. lifted its stake in Herc by 0.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after purchasing an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock valued at $558,000 after purchasing an additional 94 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Down 2.8 %

NYSE HRI opened at $108.38 on Friday. Herc Holdings Inc. has a one year low of $96.19 and a one year high of $246.88. The firm has a market cap of $3.09 billion, a PE ratio of 14.63, a P/E/G ratio of 1.61 and a beta of 1.93. The firm's fifty day moving average is $130.80 and its two-hundred day moving average is $178.48. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. During the same period in the prior year, the company earned $2.36 earnings per share. Analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.58%. Herc's dividend payout ratio (DPR) is currently 37.79%.

Analysts Set New Price Targets

A number of research firms have weighed in on HRI. Barclays cut their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday. The Goldman Sachs Group reissued a "buy" rating and issued a $146.00 price target (down from $171.00) on shares of Herc in a research report on Tuesday. Citigroup decreased their price objective on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird dropped their price target on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Herc currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.20.

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.

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