ProShare Advisors LLC Has $1.50 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

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

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its position in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after acquiring an additional 167 shares during the last quarter. Quarry LP increased its stake in shares of Herc by 646.7% in the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after buying an additional 194 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after acquiring an additional 80 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after acquiring an additional 130 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Performance

Herc stock traded down $2.01 during midday trading on Friday, reaching $125.81. 279,881 shares of the stock traded hands, compared to its average volume of 384,529. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88. 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 firm has a market cap of $3.59 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.61 and a beta of 1.85. The firm has a fifty day moving average price of $124.12 and a two-hundred day moving average price of $168.56.

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

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, May 30th. Herc's payout ratio is currently 62.36%.

Analysts Set New Price Targets

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