Impax Asset Management Group plc Has $4.70 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

Impax Asset Management Group plc cut its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 87.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,000 shares of the transportation company's stock after selling 246,104 shares during the quarter. Impax Asset Management Group plc owned 0.12% of Herc worth $4,699,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in shares of Herc by 0.9% during the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after purchasing an additional 68 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after purchasing an additional 80 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after purchasing an additional 94 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after purchasing an additional 117 shares during the last quarter. Finally, Vista Finance LLC grew its stake in shares of 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 during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HRI shares. Barclays reduced their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating and set a $146.00 price target (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Citigroup restated a "buy" rating and set a $140.00 price target (up previously from $130.00) on shares of Herc in a report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird lowered their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Herc currently has an average rating of "Moderate Buy" and an average target price of $139.20.

Herc Trading Up 5.1%

NYSE HRI traded up $7.00 during trading hours on Tuesday, hitting $144.28. 234,198 shares of the company's stock were exchanged, compared to its average volume of 509,329. The stock has a 50-day simple moving average of $124.63 and a 200 day simple moving average of $148.00. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $246.88. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.88 and a beta of 1.86. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.04.

Herc (NYSE:HRI - Get Free Report) last released its earnings results 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 24.10% and a net margin of 3.53%. The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. During the same period in the prior year, the business earned $2.36 EPS. On average, equities analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The business 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 of this dividend was Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 1.94%. Herc's dividend payout ratio is currently 62.36%.

Herc Company 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.