108,243 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Cartenna Capital LP

Cartenna Capital LP acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,243 shares of the transportation company's stock, valued at approximately $20,494,000. Herc comprises about 1.0% of Cartenna Capital LP's holdings, making the stock its 26th biggest holding. Cartenna Capital LP owned approximately 0.38% of Herc as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Argent Capital Management LLC lifted its holdings in Herc by 38.2% in the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock valued at $1,308,000 after buying an additional 1,910 shares during the period. Proficio Capital Partners LLC acquired a new position in Herc in the fourth quarter valued at approximately $5,377,000. Hennessy Advisors Inc. bought a new position in shares of Herc during the fourth quarter worth $62,982,000. Orion Portfolio Solutions LLC raised its stake in Herc by 12.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after buying an additional 315 shares during the period. Finally, Barclays PLC grew its stake in Herc by 49.5% in the third quarter. Barclays PLC now owns 52,058 shares of the transportation company's stock valued at $8,299,000 after acquiring an additional 17,236 shares during the period. 93.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HRI has been the subject of a number of research analyst reports. Citigroup decreased their target price on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. 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 reduced 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. Finally, Robert W. Baird reduced their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $139.20.

Herc Stock Down 4.1 %

Shares of HRI stock traded down $4.52 on Tuesday, hitting $106.59. 240,397 shares of the stock were exchanged, compared to its average volume of 521,296. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $246.88. The firm has a market capitalization of $3.04 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The business has a 50-day moving average of $129.43 and a 200 day moving average of $178.20.

Herc (NYSE:HRI - Get Free Report) last released its 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). 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 quarter in the previous year, the company posted $2.36 EPS. Equities analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.63%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is presently 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.