Herc Holdings Inc. $HRI Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Herc Holdings Inc. by 85.2%, owning 45,335 shares valued at approximately $6 million as of the latest reporting period.
• Herc Holdings recently declared a quarterly dividend of $0.70, representing a 2.2% dividend yield and a high dividend payout ratio of 325.58%.
• Shares of Herc stock experienced a slight decline of 0.6% and currently have a consensus price target of $144.60, with ratings ranging from "moderate buy" to "neutral" by various analysts.

Deutsche Bank AG boosted its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 85.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,335 shares of the transportation company's stock after buying an additional 20,860 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of Herc worth $6,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HRI. Larson Financial Group LLC increased its stake in Herc by 1,831.3% in the first quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after purchasing an additional 293 shares during the period. Quarry LP boosted its holdings in Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after buying an additional 194 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Herc during the fourth quarter worth about $59,000. New Age Alpha Advisors LLC purchased a new stake in Herc during the first quarter worth about $118,000. Finally, CWM LLC boosted its holdings in Herc by 114.4% during the first quarter. CWM LLC now owns 1,042 shares of the transportation company's stock worth $140,000 after buying an additional 556 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Price Performance

Shares of NYSE HRI traded down $2.0540 on Tuesday, hitting $122.7960. The company's stock had a trading volume of 339,746 shares, compared to its average volume of 521,458. Herc Holdings Inc. has a 12-month low of $96.18 and a 12-month high of $246.88. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 142.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.86. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a 50 day moving average of $127.96 and a 200-day moving average of $134.19.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.58. The business had revenue of $1 billion for the quarter, compared to the consensus estimate 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 predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.3%. Herc's dividend payout ratio is presently 325.58%.

Analysts Set New Price Targets

A number of research firms recently commented on HRI. Barclays decreased their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Citigroup decreased their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Robert W. Baird decreased their price objective on shares of Herc from $142.00 to $137.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $146.00 price objective (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Herc has a consensus rating of "Moderate Buy" and an average price target of $144.60.

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.