Jump Financial LLC Increases Position in Herc Holdings Inc. $HRI

Key Points

• Jump Financial LLC significantly increased its stake in Herc Holdings Inc. by 401.7% during the first quarter, acquiring a total of 30,412 shares now valued at $4.08 million.
• Herc Holdings recently reported earnings per share of $1.87 for the quarter, surpassing estimates, with revenue reaching $1 billion compared to expectations of $868.23 million.
• The company announced a quarterly dividend of $0.70 per share, marking a yield of 2.1%, with a payout ratio currently at 325.58%.

Jump Financial LLC grew its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 401.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,412 shares of the transportation company's stock after buying an additional 24,350 shares during the period. Jump Financial LLC owned approximately 0.11% of Herc worth $4,083,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Herc by 1,831.3% in the first quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock worth $41,000 after buying an additional 293 shares during the last quarter. Quarry LP raised its holdings in shares of Herc by 646.7% during the fourth 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Herc during the fourth quarter valued at approximately $59,000. New Age Alpha Advisors LLC purchased a new position in shares of Herc during the first quarter valued at approximately $118,000. Finally, CWM LLC raised its holdings in shares of Herc by 114.4% during the first quarter. CWM LLC now owns 1,042 shares of the transportation company's stock valued at $140,000 after purchasing an additional 556 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HRI has been the subject of several research reports. Citigroup decreased their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Robert W. Baird decreased their price objective on shares of Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $144.60.

Herc Stock Performance

HRI stock traded down $1.95 during midday trading on Friday, reaching $130.74. 280,922 shares of the company's stock traded hands, compared to its average volume of 417,111. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The stock has a market cap of $4.35 billion, a P/E ratio of 152.03, a PEG ratio of 1.54 and a beta of 1.83. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. The stock's 50-day moving average is $130.19 and its 200 day moving average is $129.40.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.58. Herc had a net margin of 0.61% and a return on equity of 20.77%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $868.23 million. As a group, analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 22nd. Herc's dividend payout ratio is currently 325.58%.

Herc Company 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.