Teza Capital Management LLC acquired a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,915 shares of the transportation company's stock, valued at approximately $363,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of Herc by 878.9% during the 4th 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 period. Quarry LP boosted its stake in Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after acquiring an additional 194 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after purchasing an additional 80 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Herc in the fourth quarter valued at approximately $59,000. Finally, PNC Financial Services Group Inc. raised its holdings in 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 purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on HRI shares. Citigroup decreased their price target on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays decreased their target price on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating and issued a $146.00 price target (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird decreased 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $139.20.
Check Out Our Latest Analysis on Herc
Herc Stock Down 1.6%
HRI stock traded down $2.01 during trading hours on Monday, reaching $125.81. 279,881 shares of the stock were exchanged, compared to its average volume of 384,529. The firm's 50-day moving average is $124.12 and its 200-day moving average is $168.11. Herc Holdings Inc. has a 12 month low of $96.19 and a 12 month high of $246.88. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 16.98, a PEG 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 posted its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The firm 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 in the prior year, the company earned $2.36 earnings per share. On average, equities research analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.
Herc Announces Dividend
The company 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. This represents a $2.80 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, May 30th. Herc's dividend payout ratio (DPR) is currently 62.36%.
Herc Company Profile
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Free Report)
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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