Deutsche Bank AG trimmed its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 20.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,475 shares of the transportation company's stock after selling 6,480 shares during the period. Deutsche Bank AG owned approximately 0.09% of Herc worth $4,634,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of HRI. Capital World Investors lifted its stake in shares of Herc by 435.8% in the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock valued at $268,662,000 after purchasing an additional 1,154,182 shares during the last quarter. Norges Bank bought a new stake in shares of Herc in the 4th quarter valued at approximately $183,786,000. FMR LLC lifted its stake in shares of Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after purchasing an additional 508,359 shares during the last quarter. Capital International Investors lifted its stake in shares of Herc by 58.9% in the 4th quarter. Capital International Investors now owns 561,377 shares of the transportation company's stock valued at $106,286,000 after purchasing an additional 208,158 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Herc by 578.8% in the fourth quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company's stock worth $43,760,000 after buying an additional 197,082 shares during the period. 93.11% of the stock is owned by institutional investors.
Herc Stock Performance
Shares of HRI stock traded down $2.01 on Friday, hitting $125.81. The company had a trading volume of 279,881 shares, compared to its average volume of 384,529. The firm has a market cap of $3.59 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The company has a 50-day moving average price of $124.12 and a 200-day moving average price of $168.11. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a twelve month low of $96.19 and a twelve month high of $246.88.
Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. During the same period last year, the firm earned $2.36 EPS. As a group, equities research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.
Herc Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 2.23%. Herc's dividend payout ratio is presently 62.36%.
Analyst Upgrades and Downgrades
HRI has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays reduced their price target on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 price target (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Citigroup reduced their price target on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird reduced their price target on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $139.20.
Check Out Our Latest Report on HRI
About Herc
(
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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