Capital World Investors Raises Stake in Herc Holdings Inc. (NYSE:HRI)

Capital World Investors grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 435.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,419,015 shares of the transportation company's stock after buying an additional 1,154,182 shares during the period. Capital World Investors owned 4.99% of Herc worth $268,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Argent Capital Management LLC raised its holdings in Herc by 38.2% in the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock worth $1,308,000 after purchasing an additional 1,910 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Herc in the fourth quarter worth about $5,377,000. Hennessy Advisors Inc. bought a new stake in Herc during the 4th quarter valued at approximately $62,982,000. Orion Portfolio Solutions LLC grew its stake in Herc by 12.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after purchasing an additional 315 shares during the period. Finally, Barclays PLC raised its holdings in Herc by 49.5% in the third quarter. Barclays PLC now owns 52,058 shares of the transportation company's stock worth $8,299,000 after purchasing an additional 17,236 shares in the last quarter. Institutional investors own 93.11% of the company's stock.

Herc Stock Performance

Herc stock traded down $3.07 during mid-day trading on Friday, reaching $108.38. 415,953 shares of the stock traded hands, compared to its average volume of 359,954. The stock has a market capitalization of $3.09 billion, a PE ratio of 14.63, 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. The business's 50-day moving average is $132.33 and its 200-day moving average is $178.75. 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 announced its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same quarter last year, the firm posted $2.36 earnings per share. As a group, sell-side analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.70 dividend. 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 2.58%. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio (DPR) is currently 37.79%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays cut their target price on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday. Citigroup lowered their price target on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $139.20.

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.