Squarepoint Ops LLC Sells 7,310 Shares of Herc Holdings Inc. (NYSE:HRI)

Squarepoint Ops LLC lowered its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 78.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,959 shares of the transportation company's stock after selling 7,310 shares during the period. Squarepoint Ops LLC's holdings in Herc were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HRI. Vanguard Group Inc. boosted its holdings in Herc by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock worth $580,655,000 after acquiring an additional 27,578 shares in the last quarter. Capital World Investors raised its position in shares of Herc by 435.8% in the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after purchasing an additional 1,154,182 shares during the last quarter. FMR LLC boosted its stake in Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock worth $235,748,000 after purchasing an additional 508,359 shares in the last quarter. Norges Bank purchased a new stake in Herc during the 4th quarter valued at about $183,786,000. Finally, American Century Companies Inc. increased its stake in Herc by 0.8% during the 4th quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company's stock valued at $153,787,000 after purchasing an additional 6,777 shares in the last quarter. Institutional investors own 93.11% of the company's stock.

Herc Stock Performance

NYSE:HRI traded up $0.24 during trading hours on Monday, reaching $121.67. The company had a trading volume of 408,068 shares, compared to its average volume of 389,386. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.61 and a beta of 1.88. 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 firm's 50 day moving average price is $121.24 and its 200-day moving average price is $161.32. 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 results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). The firm had revenue of $861.00 million during the quarter, compared to analysts' expectations of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter last year, the business earned $2.36 earnings per share. On average, analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 2.30%. Herc's dividend payout ratio is currently 62.36%.

Wall Street Analysts Forecast Growth

HRI has been the topic of several analyst reports. 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 research note on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Citigroup cut their target price on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on 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 dropped their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.