BI Asset Management Fondsmaeglerselskab A S Invests $2.36 Million in Herc Holdings Inc. (NYSE:HRI)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,458 shares of the transportation company's stock, valued at approximately $2,359,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of Herc by 878.9% in the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after buying an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after buying an additional 80 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after buying an additional 130 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after buying an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Herc by 564.0% during the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after acquiring an additional 626 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Herc stock traded down $3.07 on Friday, hitting $108.38. The company's stock had a trading volume of 415,990 shares, compared to its average volume of 361,175. The firm has a market cap of $3.09 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a fifty day moving average price of $130.80 and a 200-day moving average price of $178.58. Herc Holdings Inc. has a one year low of $96.19 and a one year high of $246.88.

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

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.70 dividend. This is a positive change from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.58%. Herc's dividend payout ratio is presently 37.79%.

Analyst Upgrades and Downgrades

HRI has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Citigroup dropped their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 target price (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Barclays dropped their target price on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Robert W. Baird dropped their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Herc currently has an average rating of "Moderate Buy" and an average price target of $139.20.

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.