Thrivent Financial for Lutherans Sells 27,659 Shares of Herc Holdings Inc. (NYSE:HRI)

Thrivent Financial for Lutherans lessened its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 49.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,301 shares of the transportation company's stock after selling 27,659 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.10% of Herc worth $5,358,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HRI. Arizona State Retirement System boosted its stake in Herc by 0.9% in the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock valued at $1,482,000 after acquiring an additional 68 shares during the last quarter. Stifel Financial Corp lifted its stake in Herc by 4.1% in the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock valued at $322,000 after buying an additional 80 shares during the period. Salem Investment Counselors Inc. boosted its holdings in Herc by 0.4% during the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company's stock worth $4,000,000 after buying an additional 90 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of 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 during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

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Herc Stock Down 1.1 %

Shares of Herc stock traded down $1.60 on Thursday, hitting $139.22. The company had a trading volume of 121,724 shares, compared to its average volume of 490,969. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88. 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 stock has a 50-day moving average of $170.45 and a 200-day moving average of $183.88. The firm has a market capitalization of $3.96 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.61 and a beta of 2.14.

Herc (NYSE:HRI - Get Free Report) last released its 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). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. Research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.70 dividend. This is a boost from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.01%. Herc's payout ratio is presently 37.79%.

Analysts Set New Price Targets

Several research analysts recently weighed in on HRI shares. Citigroup assumed coverage on shares of Herc in a report on Monday. They set a "buy" rating and a $165.00 price objective for the company. The Goldman Sachs Group decreased their price target on shares of Herc from $234.00 to $201.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.