Susquehanna Fundamental Investments LLC Makes New $7.56 Million Investment in Herc Holdings Inc. (NYSE:HRI)

Susquehanna Fundamental Investments LLC bought a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,926 shares of the transportation company's stock, valued at approximately $7,559,000. Susquehanna Fundamental Investments LLC owned 0.14% of Herc as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HRI. Capital World Investors boosted its holdings in shares of Herc by 435.8% during the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after purchasing an additional 1,154,182 shares during the last quarter. Norges Bank purchased a new stake in Herc during the 4th quarter worth approximately $183,786,000. FMR LLC boosted its stake in Herc by 69.0% during the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after acquiring an additional 508,359 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Herc during the fourth quarter worth about $71,211,000. Finally, Hennessy Advisors Inc. acquired a new position in shares of Herc in the 4th quarter worth approximately $62,982,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Stock Up 4.2 %

Shares of HRI traded up $4.72 during trading hours on Friday, hitting $116.23. 403,677 shares of the company were exchanged, compared to its average volume of 364,295. The firm's 50 day moving average is $125.49 and its 200-day moving average is $176.50. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. Herc Holdings Inc. has a 52 week low of $96.19 and a 52 week high of $246.88. The company has a market cap of $3.31 billion, a PE ratio of 15.69, a PEG ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same period in the previous year, the company earned $2.36 EPS. On average, equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio (DPR) is 62.36%.

Analyst Ratings Changes

Several brokerages have weighed in on HRI. Robert W. Baird dropped their target price on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group reiterated a "buy" rating and set a $146.00 price target (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays decreased their price target on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Citigroup cut their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Three equities 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, the company has an average rating of "Moderate Buy" and a consensus target price of $139.20.

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.