NEOS Investment Management LLC Purchases 4,161 Shares of Herc Holdings Inc. (NYSE:HRI)

NEOS Investment Management LLC increased its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,369 shares of the transportation company's stock after acquiring an additional 4,161 shares during the period. NEOS Investment Management LLC owned approximately 0.08% of Herc worth $4,235,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings 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 last quarter. Intech Investment Management LLC bought a new position in shares of Herc in the third quarter worth $1,001,000. Charles Schwab Investment Management Inc. grew its stake in shares of Herc by 6.3% in 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. increased its holdings 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 period. Finally, FMR LLC raised its stake in shares of Herc by 8.3% during the third quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after purchasing 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 Trading Up 3.6 %

Shares of NYSE:HRI traded up $4.80 during mid-day trading on Tuesday, hitting $139.07. The stock had a trading volume of 79,819 shares, compared to its average volume of 332,387. The company has a market cap of $3.96 billion, a PE ratio of 18.71, a P/E/G ratio of 1.61 and a beta of 2.14. The company's 50 day moving average is $166.41 and its 200-day moving average is $184.32. 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 12-month low of $119.60 and a 12-month high of $246.88.

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

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.70 dividend. This is a positive change from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, February 18th. Herc's payout ratio is 37.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup began coverage on shares of Herc in a research note on Monday, March 24th. They issued a "buy" rating and a $165.00 price target for the company. The Goldman Sachs Group cut their price target on shares of Herc from $234.00 to $201.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $202.20.

Herc Company 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.