Herc Holdings Inc. (NYSE:HRI) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 1,221.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,732 shares of the transportation company's stock after buying an additional 37,649 shares during the quarter. Millennium Management LLC owned about 0.14% of Herc worth $7,712,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Herc by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,852 shares of the transportation company's stock worth $39,921,000 after purchasing an additional 11,356 shares during the period. Lazard Asset Management LLC increased its stake in Herc by 97.0% in the fourth quarter. Lazard Asset Management LLC now owns 12,805 shares of the transportation company's stock worth $2,423,000 after purchasing an additional 6,304 shares during the period. Ground Swell Capital LLC purchased a new stake in Herc in the fourth quarter worth $217,000. Ensign Peak Advisors Inc increased its stake in Herc by 22.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 12,075 shares of the transportation company's stock worth $2,286,000 after purchasing an additional 2,184 shares during the period. Finally, Ethic Inc. purchased a new stake in Herc in the fourth quarter worth $273,000. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Down 4.0%

HRI stock traded down $5.12 during trading on Friday, reaching $123.88. 528,843 shares of the company traded hands, compared to its average volume of 383,302. Herc Holdings Inc. has a 12 month low of $96.19 and a 12 month high of $246.88. The business has a 50 day simple moving average of $123.11 and a 200 day simple moving average of $165.47. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same period in the previous year, the business earned $2.36 EPS. On average, equities research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, May 30th. Herc's payout ratio is currently 62.36%.

Analyst Upgrades and Downgrades

HRI has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group restated a "buy" rating and set a $146.00 price target (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Barclays cut their price target on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Citigroup cut their price target on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird cut their price target on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.20.

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.