Impax Asset Management Group plc Sells 104,428 Shares of Herc Holdings Inc. (NYSE:HRI)

Impax Asset Management Group plc cut its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 281,104 shares of the transportation company's stock after selling 104,428 shares during the period. Impax Asset Management Group plc owned about 0.99% of Herc worth $52,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its position in shares of Herc by 578.8% in the 4th quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company's stock valued at $43,760,000 after buying an additional 197,082 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Herc by 6.8% in the fourth quarter. Handelsbanken Fonder AB now owns 6,258 shares of the transportation company's stock valued at $1,185,000 after acquiring an additional 400 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Herc by 564.0% in the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after acquiring an additional 626 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Herc during the fourth quarter worth about $946,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Herc by 1,067.0% during the 4th quarter. Principal Financial Group Inc. now owns 30,482 shares of the transportation company's stock valued at $5,771,000 after purchasing an additional 27,870 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

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Herc Stock Down 3.8 %

NYSE HRI traded down $5.77 on Thursday, reaching $144.94. The company had a trading volume of 471,872 shares, compared to its average volume of 453,549. The company's fifty day moving average is $192.49 and its 200-day moving average is $184.65. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.61 and a beta of 2.04. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. Herc Holdings Inc. has a 1-year low of $124.70 and a 1-year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.70 per share. This is a boost from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, February 18th. Herc's dividend payout ratio (DPR) is currently 37.79%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their target price on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.