Royce & Associates LP increased its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 6.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,124 shares of the transportation company's stock after purchasing an additional 2,800 shares during the period. Royce & Associates LP owned 0.16% of Herc worth $6,193,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Herc by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock valued at $580,655,000 after buying an additional 27,578 shares during the last quarter. Capital World Investors raised its holdings in shares of Herc by 435.8% during the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock valued at $268,662,000 after buying an additional 1,154,182 shares during the last quarter. FMR LLC raised its holdings in shares of Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after buying an additional 508,359 shares during the last quarter. Norges Bank bought a new stake in shares of Herc during the fourth quarter valued at approximately $183,786,000. Finally, Capital International Investors raised its holdings in shares of Herc by 58.9% during the fourth quarter. Capital International Investors now owns 561,377 shares of the transportation company's stock valued at $106,286,000 after buying an additional 208,158 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.
Herc Trading Down 2.4%
NYSE HRI traded down $2.94 on Wednesday, hitting $120.68. 402,838 shares of the stock were exchanged, compared to its average volume of 521,277. 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 3.04, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 3.76 and a beta of 1.86. The company's 50-day moving average price is $129.58 and its two-hundred day moving average price is $142.94.
Herc Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, May 30th. Herc's payout ratio is 62.36%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Citigroup reaffirmed a "buy" rating and set a $140.00 price target (up previously from $130.00) on shares of Herc in a report on Tuesday, June 24th. Barclays dropped their target price on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Robert W. Baird decreased their price target on shares of Herc from $142.00 to $137.00 and set a "neutral" rating on the stock in a research report on Wednesday. The Goldman Sachs Group restated a "buy" rating and issued a $146.00 price target (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $144.60.
Check Out Our Latest Report on Herc
About Herc
(
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.
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