Segall Bryant & Hamill LLC Grows Stake in Herc Holdings Inc. (NYSE:HRI)

Segall Bryant & Hamill LLC raised its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,796 shares of the transportation company's stock after buying an additional 2,626 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.11% of Herc worth $4,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of Herc by 1,831.3% during the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after purchasing an additional 293 shares during the period. Quarry LP raised its stake in shares of Herc by 646.7% during the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after purchasing an additional 194 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after purchasing an additional 80 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Herc in the 4th quarter worth about $59,000. Finally, PNC Financial Services Group Inc. increased its stake in Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after acquiring an additional 130 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HRI has been the topic of a number of research analyst reports. Citigroup restated a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Herc in a research note on Tuesday, June 24th. The Goldman Sachs Group reiterated 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. JPMorgan Chase & Co. cut their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Robert W. Baird cut their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, Barclays cut their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $139.20.

Herc Price Performance

Shares of HRI traded down $0.37 during midday trading on Friday, reaching $136.83. The stock had a trading volume of 685,808 shares, compared to its average volume of 416,398. The company's 50-day moving average is $129.16 and its 200 day moving average is $145.44. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.04. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 3.43 and a beta of 1.86.

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 the consensus estimate of $2.51 by ($1.21). The company had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. Herc had a net margin of 3.53% and a return on equity of 24.10%. During the same quarter in the prior year, the company earned $2.36 earnings per share. On average, equities analysts predict 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. Investors of record on Friday, May 30th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.05%. The ex-dividend date was Friday, May 30th. Herc's dividend payout ratio is presently 62.36%.

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.