Victory Capital Management Inc. Boosts Holdings in Herc Holdings Inc. (NYSE:HRI)

Victory Capital Management Inc. boosted its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 64.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,589 shares of the transportation company's stock after purchasing an additional 3,771 shares during the period. Victory Capital Management Inc.'s holdings in Herc were worth $1,815,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after buying an additional 167 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Herc in the 3rd quarter valued at approximately $80,000. KBC Group NV grew its stake in shares of Herc by 20.1% in the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company's stock valued at $136,000 after purchasing an additional 143 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Herc by 564.0% in 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 during the period. Finally, RBF Capital LLC purchased a new stake in shares of Herc during the third quarter worth approximately $213,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

NYSE:HRI traded up $0.56 during trading hours on Friday, hitting $135.60. The company's stock had a trading volume of 381,918 shares, compared to its average volume of 314,132. Herc Holdings Inc. has a 52-week low of $119.60 and a 52-week high of $246.88. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The business's 50-day moving average is $174.48 and its two-hundred day moving average is $183.49. The company has a market capitalization of $3.86 billion, a PE ratio of 18.30, a PEG ratio of 1.61 and a beta of 2.14.

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Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. As a group, research analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is currently 37.79%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their price objective on shares of Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $211.50.

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.