Herc Holdings Inc. (NYSE:HRI) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 10,700.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,800 shares of the transportation company's stock after acquiring an additional 10,700 shares during the period. Canada Pension Plan Investment Board's holdings in Herc were worth $2,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EAM Investors LLC acquired a new stake in shares of Herc during the 4th quarter worth about $3,070,000. Walleye Capital LLC acquired a new stake in Herc during the fourth quarter worth approximately $5,498,000. Barclays PLC boosted its position in Herc by 5.2% during the fourth quarter. Barclays PLC now owns 54,750 shares of the transportation company's stock worth $10,365,000 after acquiring an additional 2,692 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in Herc by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after acquiring an additional 94 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in shares of Herc by 15.2% during the fourth quarter. Townsquare Capital LLC now owns 2,656 shares of the transportation company's stock worth $503,000 after purchasing an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group restated a "buy" rating and set a $146.00 price objective (down from $171.00) on shares of Herc in a report on Tuesday. Finally, Robert W. Baird reduced their target price on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Herc currently has an average rating of "Moderate Buy" and an average price target of $157.20.

Herc Trading Up 2.5 %

Shares of NYSE HRI opened at $104.87 on Thursday. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88. 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 market capitalization of $2.99 billion, a P/E ratio of 14.15, a PEG ratio of 1.61 and a beta of 1.93. The stock's 50 day moving average price is $134.13 and its two-hundred day moving average price is $179.09.

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

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.70 dividend. 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. This represents a $2.80 annualized dividend and a yield of 2.67%. Herc's dividend payout ratio (DPR) 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.

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