Mackenzie Financial Corp Purchases 12,236 Shares of Herc Holdings Inc. (NYSE:HRI)

Mackenzie Financial Corp boosted its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 693.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,001 shares of the transportation company's stock after purchasing an additional 12,236 shares during the quarter. Mackenzie Financial Corp's holdings in Herc were worth $2,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Castleark Management LLC bought a new stake in shares of Herc during the fourth quarter valued at approximately $6,049,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Herc by 55.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,571 shares of the transportation company's stock valued at $19,988,000 after purchasing an additional 37,805 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Herc by 178.7% during the fourth quarter. Voloridge Investment Management LLC now owns 120,936 shares of the transportation company's stock worth $22,897,000 after buying an additional 77,548 shares during the last quarter. Twinbeech Capital LP acquired a new position in Herc during the fourth quarter worth $1,987,000. Finally, Teza Capital Management LLC bought a new position in shares of Herc in the fourth quarter valued at $363,000. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

NYSE:HRI traded up $5.07 on Tuesday, reaching $120.85. 767,417 shares of the company's stock were exchanged, compared to its average volume of 387,423. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 16.31, 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. The stock has a fifty day simple moving average of $122.24 and a 200-day simple moving average of $163.70. Herc Holdings Inc. has a 52 week low of $96.19 and a 52 week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last released 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 return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. During the same period last year, the business posted $2.36 earnings per share. As a group, sell-side analysts predict 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, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.32%. Herc's payout ratio is 62.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group restated 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. Robert W. Baird dropped their target price on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Citigroup cut their target price on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays reduced their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.