Gotham Asset Management LLC Has $340,000 Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Gotham Asset Management LLC lowered its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 72.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,794 shares of the transportation company's stock after selling 4,648 shares during the quarter. Gotham Asset Management LLC's holdings in Herc were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors increased its position in shares of Herc by 435.8% during 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 period. Norges Bank acquired a new stake in shares of Herc in the fourth quarter valued at $183,786,000. FMR LLC boosted its stake in Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after buying an additional 508,359 shares in the last quarter. Capital International Investors grew its holdings in Herc by 58.9% during the fourth quarter. Capital International Investors now owns 561,377 shares of the transportation company's stock worth $106,286,000 after acquiring an additional 208,158 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Herc by 578.8% during the fourth quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company's stock worth $43,760,000 after acquiring an additional 197,082 shares during the period. Institutional investors own 93.11% of the company's stock.

Herc Trading Down 1.6%

Shares of HRI traded down $2.01 during midday trading on Monday, hitting $125.81. The stock had a trading volume of 279,881 shares, compared to its average volume of 384,529. The business has a 50-day simple moving average of $123.98 and a two-hundred day simple moving average of $167.36. 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 current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88.

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

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given 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 (DPR) is presently 62.36%.

Analysts Set New Price Targets

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

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.