Allianz Asset Management GmbH cut its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,375 shares of the transportation company's stock after selling 2,943 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.40% of Herc worth $15,062,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Herc by 1,831.3% in the 1st 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 during the last quarter. Byrne Asset Management LLC acquired a new stake in Herc in the 2nd quarter valued at about $45,000. Caption Management LLC acquired a new stake in Herc in the 1st quarter valued at about $91,000. New Age Alpha Advisors LLC acquired a new stake in Herc in the 1st quarter valued at about $118,000. Finally, CWM LLC raised its holdings 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 acquiring an additional 556 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.
Herc Stock Up 2.5%
Shares of NYSE HRI opened at $128.30 on Tuesday. The company has a 50 day simple moving average of $126.27 and a 200-day simple moving average of $124.99. The company has a market capitalization of $4.26 billion, a P/E ratio of 149.18, a P/E/G ratio of 1.40 and a beta of 1.81. 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 Holdings Inc. has a 1 year low of $96.18 and a 1 year high of $246.88.
Herc (NYSE:HRI - Get Free Report) last posted its earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. Herc had a net margin of 0.61% and a return on equity of 20.77%. The firm had revenue of $745.00 million during the quarter. On average, equities 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 announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, August 22nd. Herc's dividend payout ratio (DPR) is 325.58%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Herc in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Herc from $127.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, October 14th. Zacks Research upgraded shares of Herc from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Baird R W upgraded shares of Herc from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Finally, Citigroup cut their price target on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.20.
Read Our Latest Research Report on HRI
Herc Profile
(
Free Report)
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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