Royce & Associates LP cut its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 48.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,324 shares of the transportation company's stock after selling 40,020 shares during the period. Royce & Associates LP owned 0.15% of Herc worth $8,203,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Argent Capital Management LLC increased its holdings in shares of Herc by 38.2% in the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock worth $1,308,000 after acquiring an additional 1,910 shares during the period. Proficio Capital Partners LLC bought a new position in Herc in the 4th quarter worth about $5,377,000. State Street Corp increased its stake in shares of Herc by 0.5% in the third quarter. State Street Corp now owns 665,904 shares of the transportation company's stock valued at $106,165,000 after purchasing an additional 3,006 shares during the period. TT International Asset Management LTD increased its stake in shares of Herc by 324.6% in the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company's stock valued at $2,287,000 after purchasing an additional 10,967 shares during the period. Finally, Motley Fool Wealth Management LLC raised its holdings in shares of Herc by 26.4% during the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company's stock valued at $13,211,000 after buying an additional 17,315 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.
Herc Price Performance
Shares of HRI stock traded up $0.56 during midday trading on Friday, reaching $135.60. 751,844 shares of the company were exchanged, compared to its average volume of 314,635. The company's 50 day moving average price is $173.62 and its two-hundred day moving average price is $183.41. The company has a market cap of $3.86 billion, a P/E ratio of 18.30, a PEG ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 12 month low of $119.60 and a 12 month high of $246.88. 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 (NYSE:HRI - Get Free Report) last announced its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate 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 return on equity of 26.48% and a net margin of 5.91%. On average, sell-side analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.
Herc Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.06%. Herc's dividend payout ratio is 37.79%.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group decreased their price objective on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $211.50.
Read Our Latest Research Report on HRI
Herc Company Profile
(
Free Report)
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.
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