Thrivent Financial for Lutherans Cuts Holdings in Herc Holdings Inc. (NYSE:HRI)

Thrivent Financial for Lutherans lowered its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 49.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,301 shares of the transportation company's stock after selling 27,659 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of Herc worth $5,358,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake 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 valued at $35,000 after buying an additional 167 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Herc by 54.6% during 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. Truvestments Capital LLC bought a new position in Herc in the 3rd quarter worth approximately $80,000. Farther Finance Advisors LLC lifted its holdings in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after buying an additional 117 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock valued at $140,000 after buying an additional 626 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

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Herc Trading Down 0.5 %

NYSE HRI traded down $0.64 on Friday, reaching $138.91. The company had a trading volume of 1,012,974 shares, compared to its average volume of 332,128. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.61 and a beta of 2.14. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a fifty-two week low of $119.60 and a fifty-two week high of $246.88. The business has a 50 day moving average of $169.18 and a two-hundred day moving average of $183.57.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. Analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio (DPR) is 37.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HRI shares. The Goldman Sachs Group cut their price target on Herc from $234.00 to $201.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Citigroup began coverage on shares of Herc in a research report on Monday. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.20.

Herc 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.