Ensign Peak Advisors Inc Grows Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Ensign Peak Advisors Inc increased its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,075 shares of the transportation company's stock after buying an additional 2,184 shares during the period. Ensign Peak Advisors Inc's holdings in Herc were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission.

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

Herc Stock Performance

Shares of NYSE HRI traded down $4.30 during trading on Wednesday, reaching $131.41. 40,322 shares of the stock traded hands, compared to its average volume of 519,754. The company has a 50-day moving average of $124.27 and a 200-day moving average of $170.52. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The stock has a market capitalization of $3.74 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

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

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 2.13%. Herc's payout ratio is 62.36%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HRI. Robert W. Baird reduced their price objective 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 restated a "buy" rating and set a $146.00 price target (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays reduced their target price on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Citigroup reduced their price objective 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $139.20.

Herc 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.