Paradoxiom Capital L.P. Has $4.24 Million Holdings in Herc Holdings Inc. $HRI

Key Points

• Paradoxiom Capital L.P. has reduced its holdings in Herc Holdings Inc. by 36.2%, now owning 31,608 shares, making it the firm's 13th biggest position.
• Herc Holdings Inc. recently reported $1.87 earnings per share, exceeding the consensus estimate of $1.29, with revenue reaching $1 billion for the quarter.
• The company announced a quarterly dividend of $0.70 per share, translating to an annualized dividend yield of 2.0% despite a high dividend payout ratio of 325.58%.

Paradoxiom Capital L.P. cut its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 36.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,608 shares of the transportation company's stock after selling 17,950 shares during the quarter. Herc accounts for 2.8% of Paradoxiom Capital L.P.'s portfolio, making the stock its 13th largest holding. Paradoxiom Capital L.P. owned 0.11% of Herc worth $4,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of Herc by 1,831.3% in the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after purchasing an additional 293 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Herc during the fourth quarter valued at about $59,000. Caption Management LLC acquired a new position in shares of Herc in the first quarter worth about $91,000. New Age Alpha Advisors LLC acquired a new position in shares of Herc in the first quarter worth about $118,000. Finally, CWM LLC increased its position in shares of Herc by 114.4% in the first quarter. CWM LLC now owns 1,042 shares of the transportation company's stock worth $140,000 after acquiring an additional 556 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup decreased their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Robert W. Baird decreased their target price on Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Finally, Zacks Research upgraded Herc from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.60.

Herc Stock Down 2.9%

Shares of NYSE:HRI traded down $3.85 during midday trading on Thursday, hitting $129.45. 458,274 shares of the stock were exchanged, compared to its average volume of 512,557. The company has a market capitalization of $4.30 billion, a PE ratio of 150.52, a P/E/G ratio of 1.57 and a beta of 1.83. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.15 and a current ratio of 1.15. The business's fifty day simple moving average is $130.42 and its two-hundred day simple moving average is $127.28.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results 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 company had revenue of $1 billion for 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, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

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

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.