Versor Investments LP Invests $398,000 in Herc Holdings Inc. (NYSE:HRI)

Versor Investments LP acquired a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,100 shares of the transportation company's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HRI. Covestor Ltd increased its position in Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company's stock worth $51,000 after purchasing an additional 133 shares during the period. Farther Finance Advisors LLC grew its holdings in Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock worth $55,000 after acquiring an additional 270 shares during the period. Truvestments Capital LLC purchased a new position in Herc in the third quarter worth $80,000. KBC Group NV lifted its holdings in Herc by 20.1% in the third quarter. KBC Group NV now owns 854 shares of the transportation company's stock valued at $136,000 after acquiring an additional 143 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after purchasing an additional 626 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price objective on shares of Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Herc currently has a consensus rating of "Hold" and an average price target of $219.75.

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Herc Trading Down 3.1 %

HRI stock traded down $4.18 during midday trading on Thursday, reaching $129.32. 195,619 shares of the company's stock traded hands, compared to its average volume of 297,612. 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 $124.70 and a fifty-two week high of $246.88. The business has a 50-day moving average price of $187.35 and a two-hundred day moving average price of $184.80. The company has a market capitalization of $3.68 billion, a P/E ratio of 17.50, a PEG ratio of 1.61 and a beta of 2.04.

Herc (NYSE:HRI - Get Free Report) last posted 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). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal 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 issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 2.17%. Herc's payout ratio is currently 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.