Tema Etfs LLC Grows Position in Herc Holdings Inc. $HRI

Key Points

• Tema Etfs LLC increased its stake in Herc by 61.5% in Q4 to 32,596 shares (≈$4.84M), and institutional investors/hedge funds now own about 93.11% of the stock.
• Herc beat EPS in the most recent quarter ($2.07 vs. $1.87) but missed revenue expectations ($1.21B vs. $1.25B), with revenue up 27.1% year-over-year; the company pays a $0.70 quarterly dividend (≈3.0% yield).
• Analyst sentiment is mixed but favorable overall — the stock carries a Moderate Buy consensus with an average price target of $171.86 (six Buys, two Holds, one Sell).

Tema Etfs LLC raised its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 61.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,596 shares of the transportation company's stock after purchasing an additional 12,413 shares during the quarter. Tema Etfs LLC owned about 0.10% of Herc worth $4,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HRI. Harbor Capital Advisors Inc. increased its position in shares of Herc by 53.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company's stock valued at $29,000 after acquiring an additional 86 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Herc during the 3rd quarter worth about $31,000. Advisory Services Network LLC acquired a new stake in Herc during the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Herc during the 3rd quarter valued at about $40,000. Finally, NewEdge Advisors LLC grew its stake in Herc by 628.8% during the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company's stock valued at $50,000 after purchasing an additional 371 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

Shares of HRI opened at $93.86 on Thursday. The business's 50-day moving average is $137.48 and its two-hundred day moving average is $138.64. The company has a market capitalization of $3.13 billion, a P/E ratio of -521.46, a P/E/G ratio of 13.43 and a beta of 1.81. Herc Holdings Inc. has a fifty-two week low of $93.74 and a fifty-two week high of $188.35. The company has a debt-to-equity ratio of 4.17, a quick ratio of 1.31 and a current ratio of 1.31.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.The company's revenue for the quarter was up 27.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.58 EPS. Research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. Herc's dividend payout ratio (DPR) is presently -1,555.56%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HRI. Citigroup reduced their price objective on Herc from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, March 9th. JPMorgan Chase & Co. upped their target price on Herc from $150.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Herc in a report on Thursday, January 22nd. Barclays raised their price target on shares of Herc from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Herc from $170.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $171.86.

Herc Profile

Herc Holdings Inc NYSE: HRI operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company's fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.