Herc Holdings Inc. $HRI Position Lessened by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC reduced its stake in Herc Holdings Inc. by 14.7%, currently owning 25,697 shares valued at approximately $3.45 million.
• Herc Holdings reported earnings of $1.87 per share for the last quarter, exceeding analysts' expectations of $1.29, with revenue reaching $1 billion.
• The company announced a quarterly dividend of $0.70 per share, representing a 2.1% dividend yield and a high dividend payout ratio of 325.58%.

Keeley Teton Advisors LLC trimmed its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,697 shares of the transportation company's stock after selling 4,425 shares during the quarter. Keeley Teton Advisors LLC owned about 0.09% of Herc worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Herc in the 1st quarter valued at approximately $11,259,000. D.A. Davidson & CO. increased its position in Herc by 9.6% in the 1st quarter. D.A. Davidson & CO. now owns 39,246 shares of the transportation company's stock valued at $5,270,000 after acquiring an additional 3,435 shares during the period. Handelsbanken Fonder AB increased its position in Herc by 8.0% in the 1st quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company's stock valued at $907,000 after acquiring an additional 500 shares during the period. Millennium Management LLC increased its position in Herc by 1,221.2% in the 4th quarter. Millennium Management LLC now owns 40,732 shares of the transportation company's stock valued at $7,712,000 after acquiring an additional 37,649 shares during the period. Finally, Rhumbline Advisers increased its position in Herc by 3.9% in the 1st quarter. Rhumbline Advisers now owns 42,982 shares of the transportation company's stock valued at $5,772,000 after acquiring an additional 1,601 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on HRI. Robert W. Baird lowered their target price on Herc from $142.00 to $137.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Citigroup lowered their target price on Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $144.60.

Herc Price Performance

Shares of HRI traded down $1.95 during trading hours on Friday, hitting $130.74. 280,922 shares of the company were exchanged, compared to its average volume of 439,812. The company has a market capitalization of $4.35 billion, a PE ratio of 152.03, a PEG ratio of 1.54 and a beta of 1.86. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a fifty day simple moving average of $130.19 and a 200-day simple moving average of $129.87. Herc Holdings Inc. has a one year low of $96.18 and a one year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.58. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $868.23 million. Herc had a return on equity of 20.77% and a net margin of 0.61%. As a group, sell-side analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.1%. Herc's dividend payout ratio (DPR) 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.