4,831 Shares in Herc Holdings Inc. $HRI Purchased by A&I Financial Services LLC

Key Points

• A&I Financial Services LLC has acquired a new position in Herc Holdings Inc., purchasing 4,831 shares valued at approximately $636,000 during the second quarter.
• The company recently announced a quarterly dividend of $0.70, equating to an annualized yield of 2.4%, with a high dividend payout ratio of 325.58%.
• Herc Holdings Inc. reported $1 billion in revenue for the last quarter, significantly exceeding analyst estimates of $868.23 million, and earnings per share were reported at $1.87.

A&I Financial Services LLC bought a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 4,831 shares of the transportation company's stock, valued at approximately $636,000.

A number of other large investors have also recently modified their holdings of HRI. Xponance Inc. boosted its position in shares of Herc by 5.1% in the 1st quarter. Xponance Inc. now owns 2,223 shares of the transportation company's stock worth $298,000 after purchasing an additional 107 shares in the last quarter. Vista Finance LLC raised its stake in Herc by 8.0% during the first quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock valued at $213,000 after buying an additional 118 shares during the last quarter. Bailard Inc. boosted its holdings in Herc by 7.0% in the first quarter. Bailard Inc. now owns 3,947 shares of the transportation company's stock worth $530,000 after acquiring an additional 259 shares in the last quarter. Midwest Financial Group LLC grew its stake in shares of Herc by 21.4% in the first quarter. Midwest Financial Group LLC now owns 1,603 shares of the transportation company's stock worth $215,000 after acquiring an additional 283 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Herc by 1,831.3% during the first quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after acquiring an additional 293 shares in the last quarter. Institutional investors own 93.11% of the company's stock.

Wall Street Analyst Weigh In

HRI has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Herc from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Citigroup lowered their price objective on Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Finally, Robert W. Baird cut their price objective on Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Herc presently has an average rating of "Moderate Buy" and an average price target of $144.60.

Herc Stock Down 7.2%

Shares of HRI stock traded down $9.20 during mid-day trading on Friday, hitting $119.06. 1,280,711 shares of the stock traded hands, compared to its average volume of 431,755. The stock's fifty day moving average is $128.13 and its two-hundred day moving average is $126.45. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The stock has a market cap of $3.96 billion, a P/E ratio of 138.44, a P/E/G ratio of 1.40 and a beta of 1.83. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.15 and a quick ratio of 1.15.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.58. Herc had a return on equity of 20.77% and a net margin of 0.61%.The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $868.23 million. Equities analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

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