RedJay Asset Management Inc. Has $10.41 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

RedJay Asset Management Inc. trimmed its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 21.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,000 shares of the transportation company's stock after selling 15,000 shares during the quarter. Herc accounts for approximately 6.3% of RedJay Asset Management Inc.'s portfolio, making the stock its 7th largest holding. RedJay Asset Management Inc. owned about 0.19% of Herc worth $10,413,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its holdings in shares of Herc by 693.3% in the 4th quarter. Mackenzie Financial Corp now owns 14,001 shares of the transportation company's stock worth $2,651,000 after buying an additional 12,236 shares during the last quarter. Castleark Management LLC bought a new stake in Herc in the fourth quarter worth about $6,049,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Herc by 55.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,571 shares of the transportation company's stock worth $19,988,000 after acquiring an additional 37,805 shares during the period. Voloridge Investment Management LLC boosted its stake in Herc by 178.7% in the fourth quarter. Voloridge Investment Management LLC now owns 120,936 shares of the transportation company's stock valued at $22,897,000 after acquiring an additional 77,548 shares during the last quarter. Finally, Twinbeech Capital LP bought a new position in shares of Herc during the 4th quarter valued at approximately $1,987,000. Institutional investors own 93.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group reissued a "buy" rating and set a $146.00 price objective (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Citigroup decreased their price objective on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Robert W. Baird dropped their price objective on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Barclays reduced 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Herc has an average rating of "Moderate Buy" and a consensus target price of $139.20.

Herc Price Performance

HRI stock traded down $3.18 during mid-day trading on Friday, reaching $125.12. 194,236 shares of the company traded hands, compared to its average volume of 511,797. The company has a fifty day moving average price of $123.49 and a 200-day moving average price of $166.16. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The company has a market capitalization of $3.57 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.61 and a beta of 1.85. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. During the same period in the prior year, the firm posted $2.36 EPS. As a group, analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.24%. Herc's dividend payout ratio (DPR) is currently 62.36%.

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.