Tema Etfs LLC Purchases Shares of 22,369 Herc Holdings Inc. (NYSE:HRI)

Tema Etfs LLC acquired a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 22,369 shares of the transportation company's stock, valued at approximately $4,235,000. Herc comprises about 1.8% of Tema Etfs LLC's holdings, making the stock its 21st largest position. Tema Etfs LLC owned approximately 0.08% of Herc as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HRI. Arizona State Retirement System raised its stake in shares of Herc by 0.9% during the 4th quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after buying an additional 68 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock valued at $558,000 after acquiring an additional 94 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after buying an additional 117 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 93.11% of the company's stock.

Analysts Set New Price Targets

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

Herc Stock Down 2.0%

Shares of Herc stock traded down $2.54 during trading on Friday, reaching $125.28. The company had a trading volume of 80,562 shares, compared to its average volume of 382,260. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88. The firm's fifty day moving average is $124.17 and its 200-day moving average is $169.66. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data 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). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. During the same quarter in the previous year, the company earned $2.36 EPS. On average, analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The firm 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 $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.23%. Herc's payout ratio is currently 62.36%.

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.