Vanguard Group Inc. Has $580.66 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

Vanguard Group Inc. boosted its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,066,892 shares of the transportation company's stock after purchasing an additional 27,578 shares during the quarter. Vanguard Group Inc. owned about 10.80% of Herc worth $580,655,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Citigroup Inc. increased its position in shares of Herc by 191.1% in the third quarter. Citigroup Inc. now owns 27,858 shares of the transportation company's stock worth $4,441,000 after acquiring an additional 18,289 shares in the last quarter. FMR LLC raised its holdings in Herc by 8.3% in the third quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after acquiring an additional 56,191 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Herc during the third quarter worth about $367,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Herc by 3.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,766 shares of the transportation company's stock valued at $10,804,000 after buying an additional 2,237 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Herc by 19.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 78,147 shares of the transportation company's stock worth $12,460,000 after buying an additional 12,779 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HRI shares. Citigroup began coverage on Herc in a report on Monday, March 24th. They issued a "buy" rating and a $165.00 price target for the company. The Goldman Sachs Group reduced their price objective on Herc from $234.00 to $201.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $202.20.

Herc Stock Down 5.7 %

HRI traded down $7.39 on Friday, reaching $122.47. 828,480 shares of the company traded hands, compared to its average volume of 339,625. Herc Holdings Inc. has a 52-week low of $114.74 and a 52-week high of $246.88. The stock's 50 day moving average price is $160.31 and its 200-day moving average price is $183.71. 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 $3.49 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last released 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). The firm had revenue of $934.00 million during 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, sell-side analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.29%. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc's dividend payout ratio is presently 37.79%.

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.