1,472 Shares in Herc Holdings Inc. (NYSE:HRI) Purchased by Vista Finance LLC

Vista Finance LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,472 shares of the transportation company's stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HRI. Signaturefd LLC raised its holdings in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock worth $45,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd raised its holdings in shares of Herc by 70.4% during the third quarter. Covestor Ltd now owns 322 shares of the transportation company's stock worth $51,000 after purchasing an additional 133 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 270 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Herc during the third quarter worth $80,000. Finally, KBC Group NV raised its holdings in shares of Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company's stock worth $136,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Price Performance

Shares of NYSE HRI traded down $5.67 during trading on Wednesday, hitting $179.71. The company had a trading volume of 673,845 shares, compared to its average volume of 387,743. The stock has a fifty day simple moving average of $197.73 and a two-hundred day simple moving average of $183.41. Herc Holdings Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $246.88. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.04 and a beta of 2.04. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $919.84 million. On average, research analysts expect that Herc Holdings Inc. will post 15.09 earnings per share for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.70 per share. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 1.56%. Herc's dividend payout ratio (DPR) is presently 35.90%.

Wall Street Analyst Weigh In

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

Herc Company 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.