John G Ullman & Associates Inc. Lowers Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

John G Ullman & Associates Inc. lowered its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,946 shares of the transportation company's stock after selling 1,925 shares during the quarter. John G Ullman & Associates Inc. owned about 0.11% of Herc worth $6,048,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Herc by 8.3% in the third quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after purchasing an additional 56,191 shares during the period. State Street Corp lifted its position in Herc by 0.5% in the third quarter. State Street Corp now owns 665,904 shares of the transportation company's stock valued at $106,165,000 after purchasing an additional 3,006 shares during the period. Geode Capital Management LLC lifted its position in Herc by 1.1% in the third quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company's stock valued at $101,589,000 after purchasing an additional 6,874 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Herc by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company's stock valued at $63,011,000 after purchasing an additional 23,411 shares during the period. Finally, Artemis Investment Management LLP acquired a new stake in Herc in the fourth quarter valued at about $71,211,000. Institutional investors and hedge funds own 93.11% of the company's stock.

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Herc Price Performance

Shares of HRI stock traded up $4.24 during midday trading on Wednesday, reaching $133.52. 663,466 shares of the company traded hands, compared to its average volume of 297,946. The firm's 50 day simple moving average is $187.35 and its two-hundred day simple moving average is $184.80. Herc Holdings Inc. has a 1-year low of $124.70 and a 1-year high of $246.88. 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 firm has a market cap of $3.80 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.61 and a beta of 2.04.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. On average, equities research analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.70 per share. This is an increase from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Tuesday, February 18th. Herc's payout ratio is currently 37.79%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted their price target 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.