Herc Holdings Inc. (NYSE:HRI) Stock Holdings Lifted by Mackenzie Financial Corp

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in Herc by 878.9% during 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 last quarter. Quarry LP raised its position in Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after acquiring an additional 194 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Herc during the fourth quarter worth about $59,000. Finally, PNC Financial Services Group Inc. raised its position in Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Down 4.0%

NYSE HRI traded down $5.12 during trading hours on Friday, reaching $123.88. 528,843 shares of the company traded hands, compared to its average volume of 383,550. Herc Holdings Inc. has a 12 month low of $96.19 and a 12 month high of $246.88. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $3.53 billion, a PE ratio of 16.72, a PEG ratio of 1.61 and a beta of 1.85. The company has a 50 day moving average of $123.11 and a two-hundred day moving average of $165.47.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same quarter last year, the company earned $2.36 earnings per share. As a group, equities analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The firm 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 $0.70 dividend. 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 2.26%. Herc's payout ratio is currently 62.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HRI shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 price target (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Barclays dropped their price target 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. Citigroup cut their price objective on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird cut 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $139.20.

Herc 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.