Jump Financial LLC Sells 14,053 Shares of Herc Holdings Inc. (NYSE:HRI)

Jump Financial LLC cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 69.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,062 shares of the transportation company's stock after selling 14,053 shares during the period. Jump Financial LLC's holdings in Herc were worth $1,148,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Herc by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock worth $580,655,000 after acquiring an additional 27,578 shares during the period. FMR LLC lifted its holdings in shares of Herc by 69.0% during the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after buying an additional 508,359 shares during the period. Norges Bank purchased a new position in shares of Herc in the 4th quarter worth $183,786,000. American Century Companies Inc. grew its holdings in shares of Herc by 0.8% in the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company's stock worth $153,787,000 after acquiring an additional 6,777 shares during the period. Finally, Artemis Investment Management LLP bought a new position in Herc in the fourth quarter valued at about $71,211,000. 93.11% of the stock is currently owned by institutional investors.

Herc Price Performance

Shares of Herc stock traded down $3.07 during trading hours on Friday, hitting $108.38. The company's stock had a trading volume of 415,990 shares, compared to its average volume of 360,394. The company has a market cap of $3.09 billion, a PE ratio of 14.63, a PEG 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 business has a 50 day moving average price of $130.80 and a two-hundred day moving average price of $178.38. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88.

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

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. This is a positive change from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.58%. Herc's dividend payout ratio (DPR) is presently 37.79%.

Wall Street Analyst Weigh In

HRI has been the topic of a number of research reports. Barclays dropped 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. Robert W. Baird dropped their price target on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Citigroup lowered their target price on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $146.00 price target (down previously from $171.00) on shares of Herc in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average 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.