Natixis Advisors LLC decreased its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,842 shares of the transportation company's stock after selling 5,564 shares during the quarter. Natixis Advisors LLC owned 0.07% of Herc worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Herc by 5.1% during the 3rd 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 in the last quarter. Thrivent Financial for Lutherans raised its position in Herc by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 55,960 shares of the transportation company's stock valued at $8,922,000 after purchasing an additional 236 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Herc by 2.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,679 shares of the transportation company's stock valued at $3,456,000 after purchasing an additional 522 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Herc by 5.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 24,691 shares of the transportation company's stock valued at $3,936,000 after purchasing an additional 1,197 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Herc by 30.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,615 shares of the transportation company's stock valued at $21,940,000 after purchasing an additional 31,774 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
HRI has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Citigroup initiated coverage on shares of Herc in a report on Monday. They issued a "buy" rating and a $165.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Herc currently has an average rating of "Moderate Buy" and an average price target of $202.20.
Read Our Latest Report on HRI
Herc Trading Down 1.7 %
Shares of NYSE:HRI traded down $2.37 on Wednesday, hitting $140.66. 434,484 shares of the company's stock were exchanged, compared to its average volume of 498,019. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 12 month low of $119.60 and a 12 month 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 business's 50 day simple moving average is $171.66 and its two-hundred day simple moving average is $184.19.
Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) 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 analysts' expectations of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. Analysts anticipate 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. Shareholders of record on Tuesday, February 18th were issued 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 yield of 1.99%. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio (DPR) is presently 37.79%.
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.
Featured Stories
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
