Russell Investments Group Ltd. Sells 6,605 Shares of Herc Holdings Inc. (NYSE:HRI)

Russell Investments Group Ltd. lowered its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,196 shares of the transportation company's stock after selling 6,605 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Herc worth $4,202,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HRI. Jones Financial Companies Lllp increased its stake in Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after buying an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares during the period. PNC Financial Services Group Inc. boosted its position in Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after purchasing an additional 130 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after purchasing an additional 117 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after purchasing an additional 626 shares during the period. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

Herc stock traded down $6.00 during mid-day trading on Monday, reaching $111.66. The company's stock had a trading volume of 639,785 shares, compared to its average volume of 353,893. The company has a market capitalization of $3.18 billion, a P/E ratio of 15.07, a PEG ratio of 1.61 and a beta of 1.93. The firm's fifty day moving average price is $137.92 and its two-hundred day moving average price is $180.14. Herc Holdings Inc. has a 12-month low of $108.29 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 released its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share (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 company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Sell-side analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal 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 issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio is presently 37.79%.

Analyst Upgrades and Downgrades

HRI has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective 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. Citigroup lowered their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Herc has an average rating of "Moderate Buy" and a consensus target price of $177.20.

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.