Raymond James Financial Inc. Buys Shares of 15,455 Herc Holdings Inc. (NYSE:HRI)

Raymond James Financial Inc. acquired a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,455 shares of the transportation company's stock, valued at approximately $2,926,000. Raymond James Financial Inc. owned 0.05% of Herc at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after buying an additional 167 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Herc by 564.0% in 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. RBF Capital LLC acquired a new position in shares of Herc in the third quarter valued at approximately $213,000. KBC Group NV raised its stake in shares of Herc by 34.7% during the fourth quarter. KBC Group NV now owns 1,150 shares of the transportation company's stock worth $218,000 after purchasing an additional 296 shares during the last quarter. Finally, Eagle Wealth Strategies LLC acquired a new stake in shares of Herc during the fourth quarter worth $235,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

Shares of NYSE:HRI traded up $5.44 on Wednesday, reaching $142.19. 325,881 shares of the company were exchanged, compared to its average volume of 334,466. 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 $119.60 and a 1-year high of $246.88. The company has a 50-day moving average of $163.64 and a 200-day moving average of $184.01. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93.

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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 the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Equities analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 1.97%. Herc's payout ratio is currently 37.79%.

Analyst Upgrades and Downgrades

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