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

Ensign Peak Advisors Inc boosted its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,075 shares of the transportation company's stock after purchasing an additional 2,184 shares during the period. Ensign Peak Advisors Inc's holdings in Herc were worth $2,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Herc by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock valued at $580,655,000 after purchasing an additional 27,578 shares in the last quarter. Capital World Investors lifted its position in Herc by 435.8% during the fourth 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 in the last quarter. FMR LLC lifted its position in Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after purchasing an additional 508,359 shares in the last quarter. Norges Bank purchased a new position in Herc during the fourth quarter valued at $183,786,000. Finally, American Century Companies Inc. lifted its position in Herc by 0.8% during the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company's stock valued at $153,787,000 after purchasing an additional 6,777 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Trading Up 0.1%

Shares of HRI stock opened at $134.63 on Friday. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88. 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 stock's 50-day moving average price is $123.56 and its 200-day moving average price is $172.32. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI - Get Free Report) last issued 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 firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. During the same period last year, the firm posted $2.36 earnings per share. Equities research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on HRI. Robert W. Baird lowered 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 issued a $146.00 price objective (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price objective on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays lowered their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.

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