Prudential Financial Inc. Sells 11,421 Shares of Herc Holdings Inc. (NYSE:HRI)

Prudential Financial Inc. lessened its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,546 shares of the transportation company's stock after selling 11,421 shares during the period. Prudential Financial Inc. owned about 0.14% of Herc worth $7,677,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HRI. Vanguard Group Inc. lifted its position in shares of Herc by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock valued at $580,655,000 after acquiring an additional 27,578 shares in the last quarter. American Century Companies Inc. boosted its position 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 buying an additional 6,777 shares during the period. FMR LLC grew its holdings in shares of Herc by 8.3% during the third quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after buying an additional 56,191 shares in the last quarter. State Street Corp raised its position in Herc by 0.5% during the third quarter. State Street Corp now owns 665,904 shares of the transportation company's stock valued at $106,165,000 after buying an additional 3,006 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Herc by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company's stock worth $101,589,000 after acquiring an additional 6,874 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

HRI has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Citigroup began coverage on shares of Herc in a research report on Monday, March 24th. They issued a "buy" rating and a $165.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Herc presently has an average rating of "Moderate Buy" and an average target price of $202.20.

Herc Stock Down 9.4 %

NYSE:HRI traded down $13.39 during trading hours on Thursday, reaching $128.80. The company's stock had a trading volume of 179,598 shares, compared to its average volume of 494,857. Herc Holdings Inc. has a one year low of $119.60 and a one year high of $246.88. The business's 50-day moving average is $163.64 and its 200-day moving average is $184.01. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 17.38, 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 current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. Equities research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This is an increase from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio 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.