State of New Jersey Common Pension Fund D Sells 2,771 Shares of Herc Holdings Inc. (NYSE:HRI)

State of New Jersey Common Pension Fund D cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,779 shares of the transportation company's stock after selling 2,771 shares during the period. State of New Jersey Common Pension Fund D's holdings in Herc were worth $2,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vista Finance LLC acquired a new stake in shares of Herc during the 4th quarter worth approximately $279,000. Rhumbline Advisers grew its holdings in shares of Herc by 0.5% during the fourth quarter. Rhumbline Advisers now owns 41,381 shares of the transportation company's stock valued at $7,835,000 after buying an additional 189 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Herc in the 4th quarter valued at $5,523,000. EULAV Asset Management bought a new position in Herc in the 4th quarter worth $1,534,000. Finally, KBC Group NV boosted its stake in Herc by 34.7% during the 4th quarter. KBC Group NV now owns 1,150 shares of the transportation company's stock valued at $218,000 after purchasing an additional 296 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Stock Up 2.9 %

HRI stock traded up $4.26 during trading hours on Wednesday, reaching $152.06. 527,452 shares of the stock were exchanged, compared to its average volume of 443,229. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.61 and a beta of 2.04. The firm's 50-day moving average is $193.20 and its 200-day moving average is $184.89. Herc Holdings Inc. has a 12 month low of $124.70 and a 12 month high of $246.88.

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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 the consensus estimate of $3.98 by ($0.40). The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, equities research analysts expect 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. Stockholders of record on Tuesday, February 18th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 1.84%. Herc's dividend payout ratio is presently 37.79%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their target price on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Herc presently has an average rating of "Hold" and an average target price of $219.75.

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.