Segall Bryant & Hamill LLC Reduces Stock Position in Herc Holdings Inc. (NYSE:HRI)

Segall Bryant & Hamill LLC trimmed its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,170 shares of the transportation company's stock after selling 8,671 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.10% of Herc worth $5,523,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HRI. Arizona State Retirement System boosted its position in shares of Herc by 0.9% during the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock valued at $1,482,000 after buying an additional 68 shares during the last quarter. Stifel Financial Corp lifted its stake in Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock valued at $322,000 after acquiring an additional 80 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in Herc by 0.4% during the 4th quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after acquiring an additional 90 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after acquiring an additional 117 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after purchasing an additional 130 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Herc Stock Performance

HRI stock traded up $2.43 during mid-day trading on Tuesday, hitting $136.70. The company had a trading volume of 411,192 shares, compared to its average volume of 334,304. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $3.89 billion, a PE ratio of 18.45, a price-to-earnings-growth 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 stock's fifty day moving average price is $164.95 and its two-hundred day moving average price is $184.31.

Herc (NYSE:HRI - Get Free Report) last posted 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). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. On average, 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 declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is currently 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.