American Century Companies Inc. boosted its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 933,208 shares of the transportation company's stock after buying an additional 120,938 shares during the period. American Century Companies Inc. owned 3.27% of Herc worth $125,302,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Summit Investment Advisors Inc. raised its holdings in Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock valued at $558,000 after acquiring an additional 94 shares in the last quarter. Xponance Inc. lifted its position in shares of Herc by 5.1% during the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company's stock worth $298,000 after purchasing an additional 107 shares during the last quarter. Vista Finance LLC grew its stake in Herc by 8.0% in the first quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock worth $213,000 after purchasing an additional 118 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Herc by 11.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,331 shares of the transportation company's stock worth $252,000 after purchasing an additional 132 shares in the last quarter. Finally, Quarry LP increased its holdings in Herc by 646.7% in the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after buying an additional 194 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
HRI has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Citigroup lowered their target price on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Barclays dropped 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $144.60.
Get Our Latest Report on Herc
Herc Stock Performance
NYSE HRI traded up $10.83 on Friday, hitting $128.67. The stock had a trading volume of 268,172 shares, compared to its average volume of 520,826. The company's 50-day moving average is $127.98 and its two-hundred day moving average is $133.49. Herc Holdings Inc. has a one year low of $96.18 and a one year high of $246.88. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 150.11, a P/E/G ratio of 1.44 and a beta of 1.86. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37.
Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.58. Herc had a return on equity of 20.77% and a net margin of 0.61%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $868.23 million. On average, analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.
Herc Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 22nd. Herc's dividend payout ratio (DPR) is currently 325.58%.
About Herc
(
Free Report)
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.
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