Quantbot Technologies LP Sells 5,285 Shares of Herc Holdings Inc. (NYSE:HRI)

Quantbot Technologies LP decreased its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 51.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,057 shares of the transportation company's stock after selling 5,285 shares during the period. Quantbot Technologies LP's holdings in Herc were worth $957,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Artemis Investment Management LLP bought a new position in shares of Herc during the 4th quarter valued at about $71,211,000. Hennessy Advisors Inc. bought a new stake in Herc during the fourth quarter worth approximately $62,982,000. Allianz Asset Management GmbH grew its position in Herc by 578.8% in the fourth quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company's stock worth $43,760,000 after buying an additional 197,082 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Herc by 117.3% in the third quarter. Franklin Resources Inc. now owns 116,512 shares of the transportation company's stock valued at $19,739,000 after buying an additional 62,883 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Herc by 8.3% during the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after acquiring an additional 56,191 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Down 0.5 %

Shares of HRI stock traded down $0.64 on Friday, reaching $138.91. 1,012,974 shares of the company's stock traded hands, compared to its average volume of 332,603. The business's 50 day moving average price is $167.84 and its two-hundred day moving average price is $183.96. The company has a market capitalization of $3.95 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. 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.

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Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). The business 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, equities analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid 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 dividend yield of 2.02%. This is a positive change from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio (DPR) is 37.79%.

Analysts Set New Price Targets

HRI has been the topic of a number of recent research reports. Citigroup began coverage on Herc in a report on Monday, March 24th. They issued a "buy" rating and a $165.00 target price on the stock. The Goldman Sachs Group reduced their price objective on shares of Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Herc presently has an average rating of "Moderate Buy" and a consensus target price of $202.20.

About Herc

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.