Motley Fool Wealth Management LLC Has $15.34 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Motley Fool Wealth Management LLC decreased its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,376 shares of the transportation company's stock after selling 2,487 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.28% of Herc worth $15,340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its position in Herc by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company's stock worth $928,000 after buying an additional 284 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Herc in the third quarter worth about $1,001,000. Charles Schwab Investment Management Inc. lifted its position in shares of Herc by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company's stock worth $63,011,000 after purchasing an additional 23,411 shares in the last quarter. Citigroup Inc. grew its stake in shares of Herc by 191.1% during the third quarter. Citigroup Inc. now owns 27,858 shares of the transportation company's stock valued at $4,441,000 after purchasing an additional 18,289 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Herc in the third quarter valued at approximately $80,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Trading Down 0.5 %

Shares of Herc stock traded down $0.64 on Friday, hitting $138.91. 1,012,974 shares of the company's stock traded hands, compared to its average volume of 332,603. The firm's 50-day moving average price is $167.84 and its two-hundred day moving average price is $183.96. 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 stock has a market capitalization of $3.95 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a one year low of $119.60 and a one year high of $246.88.

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Herc (NYSE:HRI - Get Free Report) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, research analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal 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 issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.02%. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's payout ratio is currently 37.79%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup started coverage on Herc in a research report on Monday, March 24th. They issued a "buy" rating and a $165.00 price objective on the stock. The Goldman Sachs Group decreased their price target on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Herc currently 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.