Hunter Associates Investment Management LLC Sells 1,952 Shares of Herc Holdings Inc. (NYSE:HRI)

Hunter Associates Investment Management LLC trimmed its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,397 shares of the transportation company's stock after selling 1,952 shares during the period. Hunter Associates Investment Management LLC's holdings in Herc were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock worth $45,000 after buying an additional 61 shares during the period. Chartwell Investment Partners LLC boosted its position in Herc by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company's stock worth $1,275,000 after acquiring an additional 65 shares during the last quarter. MQS Management LLC grew its stake in shares of Herc by 3.8% during the 3rd quarter. MQS Management LLC now owns 1,945 shares of the transportation company's stock worth $310,000 after acquiring an additional 71 shares in the last quarter. Stifel Financial Corp grew its stake 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 acquiring an additional 80 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Herc by 0.4% in the fourth 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. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

Shares of HRI stock traded up $7.23 on Tuesday, reaching $204.47. The stock had a trading volume of 96,604 shares, compared to its average volume of 292,188. Herc Holdings Inc. has a 12 month low of $124.70 and a 12 month high of $246.88. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.06 and a beta of 2.04. The firm's 50-day moving average is $203.51 and its two-hundred day moving average is $179.28. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.665 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.30%. Herc's payout ratio is 21.75%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HRI. The Goldman Sachs Group raised their target price on shares of Herc from $204.00 to $234.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Barclays increased their price target on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $219.75.

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.