Herc Holdings Inc. (NYSE:HRI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 9,676.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,429 shares of the transportation company's stock after purchasing an additional 41,995 shares during the quarter. GAMMA Investing LLC owned about 0.15% of Herc worth $56,970,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of Herc by 0.9% during the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after purchasing an additional 68 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after purchasing an additional 80 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Herc by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after purchasing an additional 94 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after purchasing an additional 117 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Price Performance

NYSE:HRI traded up $2.58 during trading hours on Friday, hitting $121.62. The company's stock had a trading volume of 328,658 shares, compared to its average volume of 388,911. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $3.47 billion, a PE ratio of 16.41, a PEG ratio of 1.61 and a beta of 1.85. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88. The business's 50-day moving average is $121.54 and its two-hundred day moving average is $162.71.

Herc (NYSE:HRI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same period last year, the company posted $2.36 EPS. As a group, research analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, May 30th. Herc's dividend payout ratio (DPR) is 62.36%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HRI shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 price objective (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Robert W. Baird cut their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays cut their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Citigroup cut their price objective on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Herc currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.20.

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.