3,966 Shares in Herc Holdings Inc. (NYSE:HRI) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,966 shares of the transportation company's stock, valued at approximately $751,000.

A number of other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its holdings in shares of Herc by 878.9% in 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. PNC Financial Services Group Inc. grew its stake in Herc by 54.6% during the 4th 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. Truvestments Capital LLC acquired a new position in shares of Herc in the third quarter valued at about $80,000. Farther Finance Advisors LLC raised its stake in shares of Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after purchasing an additional 117 shares during the last quarter. Finally, KBC Group NV boosted its position in Herc by 20.1% in the third quarter. KBC Group NV now owns 854 shares of the transportation company's stock valued at $136,000 after buying an additional 143 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

Shares of HRI stock traded down $2.37 on Wednesday, reaching $140.66. 434,484 shares of the company were exchanged, compared to its average volume of 318,311. Herc Holdings Inc. has a 1 year low of $119.60 and a 1 year 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. The business has a 50-day moving average price of $171.66 and a 200 day moving average price of $184.19. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.61 and a beta of 2.14.

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Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results 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 return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Equities research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.99%. 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%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HRI. Citigroup began coverage on shares of Herc in a research report on Monday. They set a "buy" rating and a $165.00 price target for the company. The Goldman Sachs Group decreased their target price on shares of Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $202.20.

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.