New York State Common Retirement Fund Acquires 28,362 Shares of Herc Holdings Inc. (NYSE:HRI)

New York State Common Retirement Fund boosted its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 26.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,632 shares of the transportation company's stock after purchasing an additional 28,362 shares during the quarter. New York State Common Retirement Fund owned about 0.48% of Herc worth $18,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Herc in the first quarter valued at $11,259,000. D.A. Davidson & CO. boosted its holdings in shares of Herc by 9.6% during the 1st quarter. D.A. Davidson & CO. now owns 39,246 shares of the transportation company's stock valued at $5,270,000 after buying an additional 3,435 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Herc by 8.0% in the 1st quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company's stock worth $907,000 after purchasing an additional 500 shares during the last quarter. Millennium Management LLC boosted its stake in Herc by 1,221.2% in the 4th quarter. Millennium Management LLC now owns 40,732 shares of the transportation company's stock worth $7,712,000 after purchasing an additional 37,649 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in Herc by 12.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after purchasing an additional 315 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Down 0.3%

NYSE HRI traded down $0.37 during trading hours on Friday, hitting $136.83. 685,808 shares of the company's stock were exchanged, compared to its average volume of 416,398. The business's 50 day moving average is $129.16 and its 200-day moving average is $145.13. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88. The firm has a market capitalization of $3.90 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 3.43 and a beta of 1.86. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.50 and a current ratio of 1.50.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a net margin of 3.53% and a return on equity of 24.10%. The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. During the same quarter last year, the business earned $2.36 EPS. As a group, analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, May 30th. Herc's dividend payout ratio (DPR) is presently 62.36%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HRI. Robert W. Baird reduced their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Citigroup restated a "buy" rating and issued a $140.00 price target (up from $130.00) on shares of Herc in a research note on Tuesday, June 24th. Barclays dropped their price target on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating and issued a $146.00 price target (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Herc presently has an average rating of "Moderate Buy" and an average 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.