Loomis Sayles & Co. L P Decreases Stake in Herc Holdings Inc. (NYSE:HRI)

Loomis Sayles & Co. L P reduced its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,242 shares of the transportation company's stock after selling 12,673 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.54% of Herc worth $29,203,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Herc by 5.1% during the third quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company's stock valued at $928,000 after buying an additional 284 shares during the period. Intech Investment Management LLC purchased a new stake in Herc in the third quarter worth about $1,001,000. Charles Schwab Investment Management Inc. boosted its position in Herc by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company's stock valued at $63,011,000 after acquiring an additional 23,411 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Herc by 191.1% during the 3rd quarter. Citigroup Inc. now owns 27,858 shares of the transportation company's stock worth $4,441,000 after acquiring an additional 18,289 shares during the period. Finally, FMR LLC raised its position in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company's stock worth $117,470,000 after acquiring an additional 56,191 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

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Herc Stock Down 0.5 %

Shares of HRI traded down $0.64 during mid-day trading on Friday, reaching $138.91. The company had a trading volume of 1,012,974 shares, compared to its average volume of 332,603. Herc Holdings Inc. has a 52 week low of $119.60 and a 52 week high of $246.88. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The firm has a 50-day moving average price of $167.84 and a 200 day moving average price of $183.96.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. On average, sell-side analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The company 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 represents a $2.80 annualized dividend and a yield of 2.02%. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio is 37.79%.

Analyst Upgrades and Downgrades

HRI has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Citigroup started coverage on shares of Herc in a report on Monday, March 24th. They set a "buy" rating and a $165.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.