Aquatic Capital Management LLC Takes Position in Herc Holdings Inc. (NYSE:HRI)

Aquatic Capital Management LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,463 shares of the transportation company's stock, valued at approximately $2,170,000.

Several other hedge funds have also made changes to their positions in HRI. Argent Capital Management LLC lifted its holdings in shares of Herc by 38.2% in the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock worth $1,308,000 after acquiring an additional 1,910 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Herc in the 4th quarter worth approximately $5,377,000. Hennessy Advisors Inc. acquired a new position in shares of Herc in the 4th quarter worth approximately $62,982,000. Orion Portfolio Solutions LLC lifted its holdings in shares of Herc by 12.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after acquiring an additional 315 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Herc by 49.5% in the 3rd quarter. Barclays PLC now owns 52,058 shares of the transportation company's stock worth $8,299,000 after acquiring an additional 17,236 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HRI shares. Robert W. Baird reduced their price objective on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 price objective (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Barclays decreased their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Citigroup lowered their price target 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Herc currently has a consensus rating of "Moderate Buy" and an average price target of $139.20.

Herc Stock Performance

NYSE HRI opened at $111.14 on Tuesday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The business has a fifty day moving average of $129.43 and a 200-day moving average of $178.20. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88. 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 posted 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). The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period last year, the company posted $2.36 EPS. As a group, analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Tuesday, February 18th. This is an increase from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is 62.36%.

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.

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