Nuveen Asset Management LLC Grows Stock Position in Herc Holdings Inc. (NYSE:HRI)

Nuveen Asset Management LLC boosted its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 84,587 shares of the transportation company's stock after acquiring an additional 4,802 shares during the quarter. Nuveen Asset Management LLC owned 0.30% of Herc worth $16,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Occudo Quantitative Strategies LP acquired a new stake in Herc in the 4th quarter valued at $703,000. Millennium Management LLC grew its stake 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Herc by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,852 shares of the transportation company's stock valued at $39,921,000 after acquiring an additional 11,356 shares during the period. Lazard Asset Management LLC lifted its holdings in Herc by 97.0% in the 4th quarter. Lazard Asset Management LLC now owns 12,805 shares of the transportation company's stock valued at $2,423,000 after purchasing an additional 6,304 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new position in Herc in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Trading Up 0.4%

Shares of NYSE HRI traded up $0.51 during trading on Thursday, hitting $128.80. 141,398 shares of the company were exchanged, compared to its average volume of 382,364. The firm has a market capitalization of $3.67 billion, a PE ratio of 17.34, a P/E/G 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. The company has a fifty day moving average price of $123.76 and a 200-day moving average price of $166.84. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. During the same period in the prior year, the firm earned $2.36 earnings per share. As a group, equities research analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, May 30th. Herc's dividend payout ratio is presently 62.36%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HRI shares. Citigroup decreased their price objective on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird decreased their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group restated a "buy" rating and issued a $146.00 price objective (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Finally, Barclays decreased their price objective on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Three 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 an average rating of "Moderate Buy" and an average price target of $139.20.

Herc 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.