Herc Holdings Inc. (NYSE:HRI) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. cut its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,065 shares of the transportation company's stock after selling 9,715 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.76% of Herc worth $40,908,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HRI. Empowered Funds LLC purchased a new stake in shares of Herc in the fourth quarter worth $5,523,000. EULAV Asset Management purchased a new stake in Herc in the 4th quarter worth $1,534,000. KBC Group NV raised its holdings in Herc by 34.7% during the fourth quarter. KBC Group NV now owns 1,150 shares of the transportation company's stock valued at $218,000 after acquiring an additional 296 shares during the period. Eagle Wealth Strategies LLC purchased a new position in shares of Herc in the fourth quarter valued at about $235,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of Herc by 43.8% in the fourth quarter. Atomi Financial Group Inc. now owns 1,970 shares of the transportation company's stock worth $373,000 after acquiring an additional 600 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HRI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Barclays increased their target price on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $219.75.

Herc Trading Up 0.2 %

HRI traded up $0.36 on Wednesday, reaching $207.88. 365,020 shares of the company traded hands, compared to its average volume of 287,715. The company has a market cap of $5.91 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.08 and a beta of 2.04. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88. The firm has a fifty day simple moving average of $199.93 and a two-hundred day simple moving average of $182.00.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.35%. This is a positive change from Herc's previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 18th. Herc's dividend payout ratio is presently 21.75%.

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.