Tema Etfs LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,369 shares of the transportation company's stock, valued at approximately $4,235,000. Herc makes up about 1.8% of Tema Etfs LLC's holdings, making the stock its 21st largest position. Tema Etfs LLC owned about 0.08% of Herc as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of HRI. Jones Financial Companies Lllp lifted its position in Herc by 878.9% in the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock valued at $35,000 after acquiring an additional 167 shares during the last quarter. Quarry LP increased its position in shares of Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company's stock worth $42,000 after purchasing an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after purchasing an additional 80 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Herc in the 4th quarter valued at about $59,000. Finally, PNC Financial Services Group Inc. grew its stake 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 buying an additional 130 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Barclays reduced their price target on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Citigroup dropped their price objective on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 price target (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.20.
Read Our Latest Analysis on Herc
Herc Stock Down 7.8%
NYSE:HRI traded down $10.56 during trading hours on Wednesday, hitting $125.15. The stock had a trading volume of 495,926 shares, compared to its average volume of 381,915. The company has a market cap of $3.57 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The business has a 50 day simple moving average of $124.27 and a two-hundred day simple moving average of $170.52. Herc Holdings Inc. has a 1-year low of $96.19 and a 1-year 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.
Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the previous year, the business posted $2.36 earnings per share. Analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.
Herc Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 2.24%. Herc's dividend payout ratio (DPR) is presently 62.36%.
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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