ProShare Advisors LLC Grows Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

ProShare Advisors LLC raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,928 shares of the transportation company's stock after acquiring an additional 2,610 shares during the period. ProShare Advisors LLC's holdings in Herc were worth $1,501,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Capital World Investors boosted its stake in Herc by 435.8% during the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after purchasing an additional 1,154,182 shares during the last quarter. Norges Bank purchased a new position in shares of Herc in the fourth quarter worth about $183,786,000. FMR LLC boosted its position in Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock worth $235,748,000 after acquiring an additional 508,359 shares during the last quarter. Capital International Investors grew its stake in Herc by 58.9% during the 4th quarter. Capital International Investors now owns 561,377 shares of the transportation company's stock valued at $106,286,000 after acquiring an additional 208,158 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Herc by 578.8% in the 4th quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company's stock valued at $43,760,000 after acquiring an additional 197,082 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Herc Trading Up 3.3%

HRI stock traded up $4.20 during midday trading on Tuesday, hitting $129.88. 28,543 shares of the company's stock were exchanged, compared to its average volume of 383,120. The business has a 50-day simple moving average of $123.98 and a two-hundred day simple moving average of $167.36. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a market capitalization of $3.70 billion, a PE ratio of 17.52, a P/E/G ratio of 1.61 and a beta of 1.85. Herc Holdings Inc. has a 1-year low of $96.19 and a 1-year high of $246.88.

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

Herc Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 2.16%. Herc's dividend payout ratio is currently 62.36%.

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.