D.A. Davidson & CO. Acquires 3,435 Shares of Herc Holdings Inc. (NYSE:HRI)

D.A. Davidson & CO. raised its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,246 shares of the transportation company's stock after purchasing an additional 3,435 shares during the quarter. D.A. Davidson & CO. owned 0.14% of Herc worth $5,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in Herc by 878.9% in the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after acquiring an additional 167 shares during the period. Quarry LP lifted its holdings in Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after purchasing an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after purchasing an additional 80 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Herc during the fourth quarter valued at approximately $59,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Herc by 54.6% in 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 period. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Price Performance

HRI stock traded up $1.11 during mid-day trading on Friday, hitting $144.61. The company had a trading volume of 528,465 shares, compared to its average volume of 405,410. The company has a 50-day moving average price of $124.11 and a 200 day moving average price of $148.85. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 1.88 and a beta of 1.86. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.04.

Herc (NYSE:HRI - Get Free Report) last posted its earnings results 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 24.10% and a net margin of 3.53%. The firm had revenue of $861.00 million during the quarter, compared to analysts' expectations of $841.67 million. During the same quarter in the prior year, the firm posted $2.36 earnings per share. On average, research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 1.94%. Herc's dividend payout ratio (DPR) is 62.36%.

Analysts Set New Price Targets

Several brokerages have recently commented on HRI. Barclays decreased their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 price target (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Robert W. Baird lowered their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped 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. Finally, Citigroup reiterated a "buy" rating and set a $140.00 target price (up previously from $130.00) on shares of Herc in a research report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.