Herc Holdings Inc. (NYSE:HRI) Position Cut by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 78.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,959 shares of the transportation company's stock after selling 7,310 shares during the quarter. Squarepoint Ops LLC's holdings in Herc were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HRI. Jones Financial Companies Lllp grew its holdings in Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after purchasing an additional 167 shares in the last quarter. Quarry LP increased its stake in Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after buying an additional 194 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after buying an additional 80 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Herc during the 4th quarter worth $59,000. Finally, PNC Financial Services Group Inc. increased its stake in Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Performance

Shares of HRI stock traded up $2.58 on Friday, hitting $121.62. 328,658 shares of the stock traded hands, compared to its average volume of 388,911. The company's fifty day moving average is $121.54 and its 200 day moving average is $162.71. Herc Holdings Inc. has a 1-year low of $96.19 and a 1-year high of $246.88. The company has a market capitalization of $3.47 billion, a PE ratio of 16.41, a PEG 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.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same quarter in the previous year, the firm earned $2.36 EPS. On average, equities research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, May 30th. Herc's dividend payout ratio (DPR) is presently 62.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HRI shares. Robert W. Baird dropped their price target on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their target price on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Barclays reduced their target price 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 reiterated a "buy" rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Finally, Citigroup reduced their target price on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Herc 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.