Sei Investments Co. Boosts Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Sei Investments Co. raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,191 shares of the transportation company's stock after purchasing an additional 2,773 shares during the period. Sei Investments Co.'s holdings in Herc were worth $2,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Townsquare Capital LLC bought a new position in Herc during the 3rd quarter valued at about $367,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Herc by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,766 shares of the transportation company's stock worth $10,804,000 after purchasing an additional 2,237 shares during the period. Janus Henderson Group PLC raised its stake in Herc by 3.1% during the 3rd quarter. Janus Henderson Group PLC now owns 49,272 shares of the transportation company's stock valued at $7,857,000 after buying an additional 1,460 shares during the last quarter. RBF Capital LLC purchased a new stake in Herc during the 3rd quarter valued at $213,000. Finally, Stifel Financial Corp lifted its holdings in shares of Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock valued at $322,000 after buying an additional 80 shares during the period. Institutional investors own 93.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HRI shares. The Goldman Sachs Group reduced their price objective on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Citigroup lowered their price objective on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.20.

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Herc Stock Performance

Shares of NYSE:HRI traded up $16.10 during mid-day trading on Wednesday, reaching $128.70. 907,842 shares of the company traded hands, compared to its average volume of 345,945. The company's 50 day moving average price is $152.07 and its 200-day moving average price is $182.30. The firm has a market cap of $3.67 billion, a PE ratio of 17.37, a PEG ratio of 1.61 and a beta of 1.93. Herc Holdings Inc. has a 52 week low of $109.40 and a 52 week high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly 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). The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, equities analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 a boost from Herc's previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.18%. Herc's dividend payout ratio (DPR) is currently 37.79%.

Herc 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.