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Motley Fool Wealth Management LLC Sells 6,084 Shares of Herc Holdings Inc. (NYSE:HRI)

Herc logo with Transportation background

Key Points

  • Motley Fool Wealth Management LLC reduced its stake in Herc Holdings Inc. by 7.6%, selling 6,084 shares and now owns approximately 0.26% of the company valued at $9,975,000.
  • Analysts have revised their price targets for Herc, with Robert W. Baird lowering it from $142.00 to $137.00, while Goldman Sachs reissued a "buy" rating with a new price objective of $146.00.
  • Herc announced a quarterly dividend of $0.70 per share, yielding 2.5%, with a payout ratio of 325.58%.
  • Want stock alerts on Herc? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Motley Fool Wealth Management LLC reduced its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,292 shares of the transportation company's stock after selling 6,084 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.26% of Herc worth $9,975,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its holdings in shares of Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock valued at $558,000 after acquiring an additional 94 shares in the last quarter. Xponance Inc. grew its holdings in Herc by 5.1% during the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company's stock valued at $298,000 after purchasing an additional 107 shares during the period. Vista Finance LLC lifted its position in shares of Herc by 8.0% during the first quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock worth $213,000 after acquiring an additional 118 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Herc by 11.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,331 shares of the transportation company's stock worth $252,000 after acquiring an additional 132 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after acquiring an additional 194 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Up 7.2%

HRI traded up $8.65 on Wednesday, hitting $129.53. The company had a trading volume of 406,349 shares, compared to its average volume of 641,481. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.15 and a quick ratio of 1.15. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The stock has a fifty day simple moving average of $127.68 and a 200-day simple moving average of $136.73. The firm has a market capitalization of $4.31 billion, a P/E ratio of 150.62, a P/E/G ratio of 1.42 and a beta of 1.86.

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, beating the consensus estimate of $1.29 by $0.58. Herc had a net margin of 0.61% and a return on equity of 20.77%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $868.23 million. As a group, equities analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 22nd. Herc's payout ratio is 325.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HRI shares. Barclays lowered their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating and issued a $146.00 target price (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Citigroup reduced their price objective on Herc from $170.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Finally, Robert W. Baird cut their target price on Herc from $142.00 to $137.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.60.

Read Our Latest Report on Herc

Herc Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Herc (NYSE:HRI)

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