Teacher Retirement System of Texas Takes $530,000 Position in Herc Holdings Inc. (NYSE:HRI)

Teacher Retirement System of Texas bought a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,945 shares of the transportation company's stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Herc by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after acquiring an additional 94 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after acquiring an additional 117 shares during the period. Vista Finance LLC lifted its stake in shares of Herc by 8.0% in the 1st quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock worth $213,000 after acquiring an additional 118 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after acquiring an additional 130 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on HRI shares. 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 report on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 target price (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. 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 report on Wednesday, April 23rd. 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 report on Monday, April 14th. Finally, Citigroup reiterated a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Herc in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.20.

Herc Trading Down 0.3%

Shares of HRI stock traded down $0.37 during trading hours on Friday, reaching $136.83. 685,808 shares of the stock traded hands, compared to its average volume of 416,398. Herc Holdings Inc. has a 1-year low of $96.19 and a 1-year high of $246.88. The business has a fifty day moving average price of $129.16 and a 200 day moving average price of $145.13. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.04. The firm has a market capitalization of $3.90 billion, a PE ratio of 30.47, a PEG ratio of 3.43 and a beta of 1.86.

Herc (NYSE:HRI - Get Free Report) last released 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 company had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. Herc had a net margin of 3.53% and a return on equity of 24.10%. During the same quarter in the prior year, the company posted $2.36 EPS. On average, equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, May 30th. Herc's dividend payout ratio (DPR) is presently 62.36%.

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.