Intech Investment Management LLC Purchases 5,488 Shares of Herc Holdings Inc. (NYSE:HRI)

Intech Investment Management LLC grew its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 87.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,767 shares of the transportation company's stock after acquiring an additional 5,488 shares during the period. Intech Investment Management LLC's holdings in Herc were worth $2,228,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HRI. Jones Financial Companies Lllp grew its holdings in Herc by 878.9% in the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after purchasing an additional 167 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after buying an additional 130 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after buying an additional 117 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Herc in the 3rd quarter worth about $80,000. Finally, Venturi Wealth Management LLC lifted its position in Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock valued at $140,000 after acquiring an additional 626 shares in the last quarter. Institutional investors own 93.11% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HRI shares. Citigroup began coverage on Herc in a research note on Monday. They issued a "buy" rating and a $165.00 price target for the company. The Goldman Sachs Group dropped their price target on shares of Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Herc currently has a consensus rating of "Moderate Buy" and an average price target of $202.20.

Herc Stock Performance

NYSE HRI traded up $0.20 during trading hours on Tuesday, hitting $142.95. 584,602 shares of the company's stock traded hands, compared to its average volume of 315,979. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a 52 week low of $119.60 and a 52 week high of $246.88. The firm has a market capitalization of $4.07 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.61 and a beta of 2.14. The business's fifty day moving average price is $172.82 and its two-hundred day moving average price is $184.11.

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 (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Equities research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given 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 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, February 18th. Herc's payout ratio is presently 37.79%.

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.