Calamos Advisors LLC Invests $3.32 Million in Herc Holdings Inc. $HRI

Key Points

• Calamos Advisors LLC bought a new position in Herc Holdings during Q4, acquiring 22,340 shares valued at about $3.32 million, roughly 0.07% of the company.
• Herc reported Q results with EPS of $2.07 (beat vs. $1.87 estimate) and revenue of $1.21B (slightly below the $1.25B estimate) with revenue up 27.1% year‑over‑year; the company recently paid a $0.70 quarterly dividend ($2.80 annual, ~2.3% yield).
• Analyst views are mixed—MarketBeat shows a consensus rating of Hold with an average price target of $159.67 after several cuts—and institutional investors own about 93% of the stock.

Calamos Advisors LLC bought a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 22,340 shares of the transportation company's stock, valued at approximately $3,315,000. Calamos Advisors LLC owned approximately 0.07% of Herc as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. A&I Financial Services LLC increased its position in shares of Herc by 8.0% during the fourth quarter. A&I Financial Services LLC now owns 5,179 shares of the transportation company's stock worth $768,000 after acquiring an additional 384 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Herc by 39.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,326 shares of the transportation company's stock valued at $2,274,000 after purchasing an additional 4,343 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Herc by 6.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,385 shares of the transportation company's stock worth $1,541,000 after purchasing an additional 601 shares in the last quarter. Vista Finance LLC bought a new stake in Herc during the 4th quarter worth approximately $227,000. Finally, CWM LLC raised its stake in shares of Herc by 26.4% in the fourth quarter. CWM LLC now owns 617 shares of the transportation company's stock worth $92,000 after purchasing an additional 129 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Herc Stock Down 0.2%

HRI stock opened at $122.19 on Monday. The stock's fifty day simple moving average is $116.79 and its two-hundred day simple moving average is $136.44. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 4.17. Herc Holdings Inc. has a 1-year low of $88.45 and a 1-year high of $188.35. The stock has a market cap of $4.08 billion, a P/E ratio of -678.81, a P/E/G ratio of 28.30 and a beta of 1.81.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Tuesday, February 17th. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.The business's revenue was up 27.1% compared to the same quarter last year. During the same period last year, the firm posted $3.58 EPS. Analysts expect that Herc Holdings Inc. will post 4.16 EPS for the current year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.3%. Herc's payout ratio is currently -1,555.56%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HRI shares. Wells Fargo & Company cut their target price on Herc from $189.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, April 13th. KeyCorp dropped their price objective on Herc from $190.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, March 16th. Citigroup cut their price objective on shares of Herc from $165.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, April 13th. Robert W. Baird reduced their target price on shares of Herc from $200.00 to $198.00 and set an "outperform" rating for the company in a research note on Wednesday, February 18th. Finally, Zacks Research downgraded shares of Herc from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $159.67.

Herc Profile

Herc Holdings Inc NYSE: HRI operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company's fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.

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