Keeley Teton Advisors LLC Decreases Stake in Herc Holdings Inc. $HRI

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 decreased its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,697 shares of the transportation company's stock after selling 4,425 shares during the quarter. Keeley Teton Advisors LLC owned 0.09% of Herc worth $3,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ceredex Value Advisors LLC grew its stake in shares of Herc by 103.0% in the first quarter. Ceredex Value Advisors LLC now owns 77,850 shares of the transportation company's stock worth $10,453,000 after acquiring an additional 39,500 shares during the period. Oliver Luxxe Assets LLC bought a new stake in Herc in the 1st quarter worth approximately $2,047,000. Jump Financial LLC raised its stake in Herc by 401.7% during the 1st quarter. Jump Financial LLC now owns 30,412 shares of the transportation company's stock valued at $4,083,000 after buying an additional 24,350 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Herc by 200.5% during the 1st quarter. Ameriprise Financial Inc. now owns 274,915 shares of the transportation company's stock valued at $36,913,000 after buying an additional 183,433 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings in shares of Herc by 27.7% during the 1st quarter. Channing Capital Management LLC now owns 535,578 shares of the transportation company's stock valued at $71,912,000 after buying an additional 116,233 shares during the period. Institutional investors own 93.11% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on HRI shares. Robert W. Baird cut their price objective on Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. Citigroup dropped their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Herc has a consensus rating of "Moderate Buy" and a consensus target price of $144.60.

Herc Price Performance

HRI stock traded up $0.10 during trading on Thursday, reaching $132.70. The company's stock had a trading volume of 214,251 shares, compared to its average volume of 459,868. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37. The company's fifty day moving average is $129.87 and its 200-day moving average is $130.93. The company has a market capitalization of $4.41 billion, a P/E ratio of 154.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.86. Herc Holdings Inc. has a 1 year low of $96.18 and a 1 year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.58. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $868.23 million. Herc had a return on equity of 20.77% and a net margin of 0.61%. On average, research analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Announces Dividend

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