Grandeur Peak Global Advisors LLC Trims Stock Position in Herc Holdings Inc. (NYSE:HRI)

Grandeur Peak Global Advisors LLC cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 43.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,337 shares of the transportation company's stock after selling 19,864 shares during the quarter. Grandeur Peak Global Advisors LLC owned about 0.09% of Herc worth $4,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HRI. Arizona State Retirement System boosted its stake in Herc by 0.9% during the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after buying an additional 68 shares during the period. Stifel Financial Corp boosted its position 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 worth $322,000 after purchasing an additional 80 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after purchasing an additional 80 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in Herc by 0.4% in the 4th quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock valued at $4,000,000 after purchasing an additional 90 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after purchasing an additional 117 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

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Herc Stock Down 1.4 %

HRI stock traded down $1.64 during mid-day trading on Tuesday, reaching $117.48. The company had a trading volume of 245,113 shares, compared to its average volume of 349,182. Herc Holdings Inc. has a fifty-two week low of $109.39 and a fifty-two week high of $246.88. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. 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 firm has a fifty day simple moving average of $146.94 and a 200 day simple moving average of $181.61.

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 return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share 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. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc's payout ratio is 37.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HRI shares. The Goldman Sachs Group dropped their price objective on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Citigroup cut 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday. 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 has a consensus rating of "Moderate Buy" and a consensus price target of $177.20.

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.