7,063 Shares in Herc Holdings Inc. (NYSE:HRI) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 7,063 shares of Herc Holdings Inc. for approximately $948,000.
• Several institutional investors, including Sei Investments Co. and JPMorgan Chase & Co., have significantly increased their stakes in Herc, reflecting a strong interest in the transportation company.
• Analysts have recently adjusted price targets for Herc, with Citigroup lowering its target from $170.00 to $140.00 while maintaining a "buy" rating.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,063 shares of the transportation company's stock, valued at approximately $948,000.

A number of other institutional investors have also made changes to their positions in HRI. Larson Financial Group LLC increased its holdings in shares of Herc by 1,831.3% during the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock worth $41,000 after acquiring an additional 293 shares during the last quarter. Quarry LP grew its stake in Herc by 646.7% in the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after buying an additional 194 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after buying an additional 80 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Herc in the 4th quarter valued at about $59,000. Finally, CWM LLC grew its stake in Herc by 114.4% in the 1st quarter. CWM LLC now owns 1,042 shares of the transportation company's stock valued at $140,000 after buying an additional 556 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HRI has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group restated a "buy" rating and set a $146.00 target price (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Robert W. Baird decreased their target price on shares of Herc from $142.00 to $137.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Citigroup decreased their target price on shares of Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Finally, Barclays decreased their target price on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $144.60.

Herc Price Performance

Shares of Herc stock traded up $0.16 on Wednesday, reaching $116.35. 163,958 shares of the stock were exchanged, compared to its average volume of 527,528. The firm's 50 day moving average is $128.44 and its 200-day moving average is $140.06. Herc Holdings Inc. has a one year low of $96.18 and a one year high of $246.88. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $3.87 billion, a PE ratio of 135.28, a P/E/G ratio of 1.34 and a beta of 1.86.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.29 by $0.58. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $868.23 million. Herc had a net margin of 0.61% and a return on equity of 20.77%. As a group, analysts anticipate 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 was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 2.4%. Herc's dividend payout ratio (DPR) is presently 325.58%.

Herc Company 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.