Trexquant Investment LP bought a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,493 shares of the transportation company's stock, valued at approximately $5,395,000. Trexquant Investment LP owned about 0.10% of Herc at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in HRI. Franklin Resources Inc. lifted its holdings in Herc by 110.7% in the 4th quarter. Franklin Resources Inc. now owns 245,544 shares of the transportation company's stock valued at $46,489,000 after acquiring an additional 129,032 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Herc by 39.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,972 shares of the transportation company's stock worth $752,000 after acquiring an additional 1,127 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Herc by 12.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after purchasing an additional 315 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Herc by 26.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,271 shares of the transportation company's stock valued at $809,000 after acquiring an additional 885 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 93.11% of the company's stock.
Herc Price Performance
Shares of HRI traded down $11.63 during trading hours on Thursday, hitting $117.28. The stock had a trading volume of 104,329 shares, compared to its average volume of 345,036. Herc Holdings Inc. has a 52 week low of $109.39 and a 52 week high of $246.88. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.61 and a beta of 1.93. The company's fifty day moving average is $152.07 and its two-hundred day moving average is $182.30. 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 (NYSE:HRI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.
Herc Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Tuesday, February 18th. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is presently 37.79%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on HRI shares. The Goldman Sachs Group decreased their target price on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Citigroup cut their price target on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $197.20.
View Our Latest Analysis on HRI
About Herc
(
Free Report)
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.
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