Herc Holdings Inc. (NYSE:HRI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 55.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,895 shares of the transportation company's stock after selling 27,377 shares during the quarter. Janus Henderson Group PLC owned approximately 0.08% of Herc worth $4,143,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Herc by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock valued at $580,655,000 after acquiring an additional 27,578 shares in the last quarter. Capital World Investors increased its holdings 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 valued at $268,662,000 after acquiring an additional 1,154,182 shares in the last quarter. FMR LLC increased its holdings 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 valued at $235,748,000 after acquiring an additional 508,359 shares in the last quarter. Norges Bank acquired a new position in shares of Herc during the fourth quarter valued at about $183,786,000. Finally, American Century Companies Inc. increased its holdings in shares of Herc by 0.8% during the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company's stock valued at $153,787,000 after acquiring an additional 6,777 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on HRI. Citigroup cut their price objective 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. JPMorgan Chase & Co. cut their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. 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. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 price target (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Finally, Barclays cut their price target on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $139.20.

Herc Stock Performance

Herc stock traded down $2.01 during mid-day trading on Friday, hitting $125.81. The company had a trading volume of 279,881 shares, compared to its average volume of 384,529. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88. The company's fifty day moving average is $124.12 and its 200-day moving average is $168.11. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings data 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 26.48% and a net margin of 5.91%. The company had revenue of $861.00 million during the quarter, compared to analysts' expectations of $841.67 million. During the same quarter in the prior year, the company posted $2.36 EPS. Equities research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.23%. 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.