28,400 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 28,400 shares of the transportation company's stock, valued at approximately $5,377,000. Proficio Capital Partners LLC owned approximately 0.10% of Herc as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HRI. Covestor Ltd increased its position in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company's stock valued at $51,000 after purchasing an additional 133 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Herc by 369.9% in the third 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 period. Truvestments Capital LLC purchased a new stake in shares of Herc in the third quarter valued at $80,000. KBC Group NV boosted its stake in shares of Herc by 20.1% during the 3rd 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 period. Finally, Venturi Wealth Management LLC grew its holdings in Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock valued at $140,000 after purchasing an additional 626 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted their price objective on Herc from $204.00 to $234.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $219.75.

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Herc Stock Performance

NYSE HRI traded up $2.46 on Friday, hitting $131.31. 536,073 shares of the company's stock traded hands, compared to its average volume of 299,413. The firm's 50-day moving average price is $186.08 and its two-hundred day moving average price is $184.41. The firm has a market capitalization of $3.74 billion, a PE ratio of 17.72, a P/E/G ratio of 1.61 and a beta of 2.04. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a 1-year low of $124.70 and a 1-year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last announced 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 business had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. As a group, analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Herc's previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.13%. Herc's payout ratio is currently 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.