Natixis Advisors LLC Lowers Stock Position in Herc Holdings Inc. (NYSE:HRI)

Natixis Advisors LLC decreased its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,842 shares of the transportation company's stock after selling 5,564 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Herc worth $3,567,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. 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 purchasing an additional 56,191 shares during the last quarter. State Street Corp raised its holdings in Herc by 0.5% in the third quarter. State Street Corp now owns 665,904 shares of the transportation company's stock worth $106,165,000 after buying an additional 3,006 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Herc by 1.1% in the third quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company's stock worth $101,589,000 after buying an additional 6,874 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $63,011,000 after buying an additional 23,411 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Herc during the fourth quarter valued at approximately $71,211,000. 93.11% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective 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 assumed coverage on Herc in a research report on Monday. They set a "buy" rating and a $165.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Herc currently has an average rating of "Moderate Buy" and an average price target of $202.20.

Herc Stock Performance

Shares of NYSE HRI traded up $0.20 during midday trading on Tuesday, hitting $142.95. 584,602 shares of the stock traded hands, compared to its average volume of 316,837. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. Herc Holdings Inc. has a one year low of $119.60 and a one year high of $246.88. The firm has a market capitalization of $4.07 billion, a P/E ratio of 19.29, a PEG ratio of 1.61 and a beta of 2.14. The firm has a 50-day moving average of $171.66 and a two-hundred day moving average of $184.19.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, equities analysts forecast 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 an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.96%. Herc's payout ratio is presently 37.79%.

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.