Herc Holdings Inc. (NYSE:HRI) Stock Holdings Boosted by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 178.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,936 shares of the transportation company's stock after buying an additional 77,548 shares during the quarter. Voloridge Investment Management LLC owned 0.43% of Herc worth $22,897,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Capital World Investors lifted its position in shares of Herc by 435.8% during the fourth 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 in the last quarter. Norges Bank acquired a new position in shares of Herc during the fourth quarter worth $183,786,000. FMR LLC lifted its position in shares of Herc by 69.0% during the fourth 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. Capital International Investors lifted its position in shares of Herc by 58.9% during the fourth quarter. Capital International Investors now owns 561,377 shares of the transportation company's stock worth $106,286,000 after purchasing an additional 208,158 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Herc by 578.8% during the fourth quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company's stock worth $43,760,000 after purchasing an additional 197,082 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HRI shares. Barclays reduced their target price on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reissued a "buy" rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Robert W. Baird cut their price target 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. Finally, Citigroup cut their price target 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.20.

Herc Stock Down 0.8%

HRI traded down $1.07 during trading on Wednesday, hitting $130.23. The company had a trading volume of 53,856 shares, compared to its average volume of 382,796. The company has a market cap of $3.71 billion, a PE ratio of 17.60, a P/E/G ratio of 1.61 and a beta of 1.85. The business has a 50-day moving average of $123.91 and a 200-day moving average of $167.11. 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 Holdings Inc. has a 1-year low of $96.19 and a 1-year high of $246.88.

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

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued 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 2.15%. Herc's dividend payout ratio (DPR) is 62.36%.

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.