BNP Paribas Financial Markets Has $1.56 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

BNP Paribas Financial Markets trimmed its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,263 shares of the transportation company's stock after selling 6,695 shares during the period. BNP Paribas Financial Markets' holdings in Herc were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HRI. Capital World Investors raised its holdings in shares of Herc by 435.8% during the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after acquiring an additional 1,154,182 shares in the last quarter. Norges Bank acquired a new position in Herc during the fourth quarter worth $183,786,000. FMR LLC increased its position in Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock worth $235,748,000 after buying an additional 508,359 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Herc during the fourth quarter worth $71,211,000. Finally, Capital International Investors increased its position in Herc by 58.9% during the fourth quarter. Capital International Investors now owns 561,377 shares of the transportation company's stock worth $106,286,000 after buying an additional 208,158 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on HRI. Barclays lowered 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. Citigroup lowered their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird lowered their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $146.00 price target (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Herc presently has an average rating of "Moderate Buy" and an average target price of $139.20.

Herc Stock Performance

Shares of NYSE:HRI traded down $2.01 during midday trading on Friday, hitting $125.81. The company's stock had a trading volume of 279,881 shares, compared to its average volume of 384,529. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.61 and a beta of 1.85. The stock's 50 day simple moving average is $124.12 and its 200 day simple moving average is $168.56. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. During the same period last year, the business earned $2.36 earnings per share. As a group, research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, May 30th. Herc's dividend payout ratio (DPR) is presently 62.36%.

Herc 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.