Dimensional Fund Advisors LP Has $110.80 Million Holdings in 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 grew its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 12.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 825,120 shares of the transportation company's stock after buying an additional 92,019 shares during the quarter. Dimensional Fund Advisors LP owned 2.90% of Herc worth $110,796,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased 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 worth $400,995,000 after purchasing an additional 1,527,244 shares in the last quarter. Jennison Associates LLC increased its position in shares of Herc by 79.5% during the 1st quarter. Jennison Associates LLC now owns 299,527 shares of the transportation company's stock worth $40,217,000 after purchasing an additional 132,693 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Herc during the 1st quarter worth about $14,528,000. Vanguard Group Inc. increased its position in Herc by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company's stock valued at $424,726,000 after acquiring an additional 96,329 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Herc in the 1st quarter valued at about $11,259,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Trading Up 0.1%

Shares of NYSE:HRI traded up $0.10 during trading on Thursday, hitting $132.70. 214,251 shares of the company's stock were exchanged, compared to its average volume of 459,868. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $246.88. The firm has a 50-day moving average price of $129.87 and a two-hundred day moving average price of $130.93. 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 firm has a market cap of $4.41 billion, a P/E ratio of 154.30, a PEG ratio of 1.56 and a beta of 1.86.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.87 earnings per share for the quarter, topping 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 business had revenue of $1 billion for the quarter, compared to analyst estimates of $868.23 million. Equities analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Robert W. Baird lowered their price objective on shares of Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $144.60.

About Herc

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.