KLP Kapitalforvaltning AS Invests $1.04 Million in Herc Holdings Inc. (NYSE:HRI)

KLP Kapitalforvaltning AS acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,500 shares of the transportation company's stock, valued at approximately $1,041,000.

Other large investors have also made changes to their positions in the company. Argent Capital Management LLC grew 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 valued at $1,308,000 after buying an additional 1,910 shares during the period. Proficio Capital Partners LLC purchased a new stake in Herc during the fourth quarter valued at about $5,377,000. State Street Corp increased its stake in Herc by 0.5% during the third quarter. State Street Corp now owns 665,904 shares of the transportation company's stock worth $106,165,000 after acquiring an additional 3,006 shares during the last quarter. TT International Asset Management LTD raised its holdings in shares of Herc by 324.6% in the 3rd quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company's stock worth $2,287,000 after purchasing an additional 10,967 shares during the period. Finally, Motley Fool Wealth Management LLC grew its holdings in shares of Herc by 26.4% during the 3rd quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company's stock worth $13,211,000 after purchasing an additional 17,315 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Price Performance

Shares of NYSE HRI traded down $7.39 during mid-day trading on Friday, reaching $122.47. 828,480 shares of the company traded hands, compared to its average volume of 338,945. The firm has a market cap of $3.49 billion, a PE ratio of 16.53, 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. Herc Holdings Inc. has a fifty-two week low of $114.70 and a fifty-two week high of $246.88. The stock has a fifty day simple moving average of $160.31 and a 200-day simple moving average of $183.49.

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Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. Equities research analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm 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 positive change from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.29%. Herc's dividend payout ratio (DPR) is 37.79%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Herc in a research report on Monday, March 24th. They set a "buy" rating and a $165.00 price target for the company. The Goldman Sachs Group dropped their price objective on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Herc has a consensus rating of "Moderate Buy" and an average price target of $202.20.

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.