Gotham Asset Management LLC Reduces Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Gotham Asset Management LLC reduced its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 72.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ground Swell Capital LLC acquired a new stake in shares of Herc during the fourth quarter worth about $217,000. Ensign Peak Advisors Inc increased its position in Herc by 22.1% during the fourth quarter. Ensign Peak Advisors Inc now owns 12,075 shares of the transportation company's stock worth $2,286,000 after buying an additional 2,184 shares during the period. Ethic Inc. acquired a new position in Herc during the fourth quarter worth approximately $273,000. FORA Capital LLC purchased a new stake in Herc in the fourth quarter valued at approximately $243,000. Finally, Coliseum Capital Management LLC boosted its holdings in shares of Herc by 6.6% in the fourth quarter. Coliseum Capital Management LLC now owns 418,010 shares of the transportation company's stock valued at $79,142,000 after acquiring an additional 25,882 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Performance

HRI traded down $2.01 during trading on Friday, reaching $125.81. The company's stock had a trading volume of 279,881 shares, compared to its average volume of 384,529. 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's fifty day moving average price is $124.12 and its 200-day moving average price is $168.56. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business 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 earned $2.36 earnings per share. On average, equities analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 2.23%. Herc's payout ratio is currently 62.36%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HRI shares. Barclays cut their target price 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. Robert W. Baird reduced their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Citigroup decreased their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group reissued a "buy" rating and issued a $146.00 target price (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Herc presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.20.

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.