Dimensional Fund Advisors LP Buys 92,019 Shares of Herc Holdings Inc. $HRI

Key Points

• Dimensional Fund Advisors LP increased its holdings in Herc Holdings Inc. by 12.6%, owning approximately $110.80 million worth of the company's stock after purchasing an additional 92,019 shares.
• Herc Holdings reported $1.87 EPS for its last quarter, significantly outperforming analysts' estimates of $1.29, with a revenue of $1 billion compared to projected earnings of $868.23 million.
• The company declared a quarterly dividend of $0.70 per share, which equates to an annualized dividend yield of 2.2%, set to be paid on September 5th.

Dimensional Fund Advisors LP boosted its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 12.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 825,120 shares of the transportation company's stock after acquiring an additional 92,019 shares during the quarter. Dimensional Fund Advisors LP owned 2.90% of Herc worth $110,796,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HRI. Fox Run Management L.L.C. purchased a new position in shares of Herc during the first quarter worth about $229,000. Russell Investments Group Ltd. lifted its position in Herc by 4.9% during the first quarter. Russell Investments Group Ltd. now owns 23,283 shares of the transportation company's stock valued at $3,126,000 after purchasing an additional 1,087 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in Herc by 1.7% in the 1st quarter. Motley Fool Asset Management LLC now owns 50,190 shares of the transportation company's stock worth $6,739,000 after buying an additional 830 shares in the last quarter. Nuveen LLC bought a new position in shares of Herc in the 1st quarter worth $14,528,000. Finally, Invesco Ltd. raised its position in shares of Herc by 104.7% during the 1st quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company's stock valued at $400,995,000 after buying an additional 1,527,244 shares in the last quarter. Institutional investors own 93.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HRI shares. Robert W. Baird dropped their price objective on shares of Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Citigroup dropped their price objective 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.60.

Herc Stock Up 1.8%

NYSE:HRI traded up $2.3280 during trading hours on Monday, reaching $132.0680. 437,096 shares of the company traded hands, compared to its average volume of 599,549. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. The stock has a market capitalization of $4.39 billion, a P/E ratio of 153.57, a P/E/G ratio of 1.52 and a beta of 1.86. Herc Holdings Inc. has a 1 year low of $96.18 and a 1 year high of $246.88. The business's 50-day moving average price is $128.68 and its two-hundred day moving average price is $131.42.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.58. Herc had a net margin of 0.61% and a return on equity of 20.77%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $868.23 million. Analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, August 22nd. Herc's dividend payout ratio (DPR) is 325.58%.

Herc Company 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.