Vontobel Holding Ltd. Decreases Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Vontobel Holding Ltd. cut its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 32.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,572 shares of the transportation company's stock after selling 2,148 shares during the quarter. Vontobel Holding Ltd.'s holdings in Herc were worth $866,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC acquired a new position in shares of Herc in the 4th quarter valued at $5,523,000. EULAV Asset Management purchased a new position in Herc in the fourth quarter valued at $1,534,000. KBC Group NV increased its holdings in Herc by 34.7% in the fourth quarter. KBC Group NV now owns 1,150 shares of the transportation company's stock valued at $218,000 after buying an additional 296 shares in the last quarter. Eagle Wealth Strategies LLC acquired a new position in shares of Herc in the fourth quarter worth about $235,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of Herc by 43.8% during the 4th quarter. Atomi Financial Group Inc. now owns 1,970 shares of the transportation company's stock worth $373,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Price Performance

NYSE:HRI traded down $15.31 during trading hours on Friday, reaching $163.58. 842,800 shares of the company were exchanged, compared to its average volume of 413,000. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm has a market cap of $4.65 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.62 and a beta of 2.04. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The stock's 50-day moving average is $195.97 and its 200-day moving average is $183.70.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share 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 company had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. On average, sell-side analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio (DPR) is 37.79%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on Herc from $204.00 to $234.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $219.75.

Herc Company 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.