6,351 Shares in Herc Holdings Inc. $HRI Purchased by Blue Zone Wealth Advisors LLC

Key Points

• Blue Zone Wealth Advisors LLC has acquired a new stake in Herc Holdings Inc., purchasing 6,351 shares valued at approximately $836,000.
• Herc Holdings recently reported an earnings per share (EPS) of $3.42 for the quarter, with total revenues of $745 million.
• The company announced a quarterly dividend of $0.70 per share, resulting in an annualized yield of 2.4%, with a high dividend payout ratio of 325.58%.

Blue Zone Wealth Advisors LLC bought a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,351 shares of the transportation company's stock, valued at approximately $836,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HRI. Invesco Ltd. lifted its stake in Herc by 104.7% during the 1st quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company's stock valued at $400,995,000 after acquiring an additional 1,527,244 shares during the period. Coliseum Capital Management LLC lifted its stake in Herc by 213.4% during the 1st quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company's stock valued at $175,892,000 after acquiring an additional 891,979 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Herc by 362.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 700,402 shares of the transportation company's stock valued at $92,236,000 after acquiring an additional 549,072 shares during the period. Alliancebernstein L.P. lifted its stake in Herc by 135.6% during the 1st quarter. Alliancebernstein L.P. now owns 589,817 shares of the transportation company's stock valued at $79,195,000 after acquiring an additional 339,519 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Herc by 200.5% during the 1st quarter. Ameriprise Financial Inc. now owns 274,915 shares of the transportation company's stock valued at $36,913,000 after acquiring an additional 183,433 shares during the period. Institutional investors own 93.11% of the company's stock.

Herc Trading Down 3.2%

Herc stock opened at $117.85 on Friday. The firm has a 50 day moving average of $124.72 and a 200 day moving average of $125.53. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 137.03, a P/E/G ratio of 1.43 and a beta of 1.81. Herc Holdings Inc. has a 12-month low of $96.18 and a 12-month high of $246.88. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. The company had revenue of $745.00 million during the quarter. Herc had a net margin of 0.61% and a return on equity of 20.77%. As a group, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 22nd. Herc's dividend payout ratio (DPR) is 325.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Robert W. Baird set a $160.00 target price on shares of Herc and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Zacks Research upgraded shares of Herc from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. Baird R W upgraded shares of Herc from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a "sell (d+)" rating on shares of Herc in a research note on Wednesday. Finally, Citigroup lowered their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.20.

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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