A&I Financial Services LLC Makes New Investment in Herc Holdings Inc. $HRI

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 purchased a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,831 shares of the transportation company's stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HRI. Larson Financial Group LLC boosted its stake in 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 buying an additional 293 shares during the period. Byrne Asset Management LLC bought a new position in shares of Herc during the 2nd quarter valued at $45,000. Caption Management LLC bought a new position in Herc in the 1st quarter worth $91,000. New Age Alpha Advisors LLC purchased a new stake in Herc in the 1st quarter worth $118,000. Finally, CWM LLC grew its position in shares of Herc by 114.4% during the first quarter. CWM LLC now owns 1,042 shares of the transportation company's stock valued at $140,000 after purchasing an additional 556 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Performance

Shares of Herc stock traded down $0.98 on Tuesday, reaching $123.44. 206,715 shares of the stock were exchanged, compared to its average volume of 513,516. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. The business has a fifty day moving average price of $127.90 and a two-hundred day moving average price of $126.40. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $246.88. The firm has a market capitalization of $4.10 billion, a PE ratio of 142.99, a PEG ratio of 1.40 and a beta of 1.83.

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

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 22nd. Herc's dividend payout ratio (DPR) is currently 325.58%.

Wall Street Analyst Weigh In

Several research firms recently commented on HRI. Robert W. Baird dropped their price target on Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Citigroup reduced their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Zacks Research raised shares of Herc from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Herc presently has an average rating of "Moderate Buy" and an average target price of $144.60.

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.