Sanctuary Advisors LLC Takes Position in Herc Holdings Inc. (NYSE:HRI)

Sanctuary Advisors LLC acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,542 shares of the transportation company's stock, valued at approximately $946,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after purchasing an additional 61 shares during the last quarter. Chartwell Investment Partners LLC raised its holdings in Herc by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company's stock valued at $1,275,000 after buying an additional 65 shares during the last quarter. MQS Management LLC raised its position in shares of Herc by 3.8% during the third quarter. MQS Management LLC now owns 1,945 shares of the transportation company's stock worth $310,000 after acquiring an additional 71 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Herc by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock valued at $322,000 after purchasing an additional 80 shares during the period. Finally, Salem Investment Counselors Inc. grew its holdings in Herc by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

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Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their target price on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Herc presently has a consensus rating of "Hold" and a consensus target price of $219.75.

Herc Stock Down 1.0 %

NYSE:HRI traded down $1.45 during trading hours on Friday, hitting $143.60. 521,830 shares of the company traded hands, compared to its average volume of 292,958. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a market cap of $4.09 billion, a PE ratio of 19.38, a PEG ratio of 1.61 and a beta of 2.04. The firm's 50-day simple moving average is $190.84 and its 200-day simple moving average is $184.83. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing analysts' consensus estimates of $3.98 by ($0.40). The business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. Equities analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. This is a boost from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 1.95%. Herc's dividend payout ratio is 37.79%.

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.