Los Angeles Capital Management LLC purchased a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,748 shares of the transportation company's stock, valued at approximately $1,088,000.
A number of other hedge funds have also modified their holdings of the company. Covestor Ltd boosted its position in Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company's stock valued at $51,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock valued at $55,000 after acquiring an additional 270 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Herc in the third quarter worth $80,000. KBC Group NV raised its holdings in shares of Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company's stock worth $136,000 after purchasing an additional 143 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Herc by 564.0% during the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after purchasing an additional 626 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.
Herc Stock Performance
Shares of HRI traded up $4.24 during trading hours on Wednesday, hitting $133.52. The stock had a trading volume of 663,466 shares, compared to its average volume of 298,014. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 18.02, a PEG 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. The firm has a 50-day moving average price of $187.35 and a 200 day moving average price of $184.80. Herc Holdings Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $246.88.
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 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 analyst estimates of $919.84 million. As a group, research analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.
Herc Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.10%. This is an increase from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is currently 37.79%.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group increased their price target on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $219.75.
Check Out Our Latest Analysis on HRI
About Herc
(
Free Report)
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.
See Also
Before you consider Herc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Herc wasn't on the list.
While Herc currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
