Twinbeech Capital LP bought a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,493 shares of the transportation company's stock, valued at approximately $1,987,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after buying an additional 167 shares in the last quarter. Quarry LP increased its stake in shares of Herc by 646.7% in the 4th quarter. Quarry LP now owns 224 shares of the transportation company's stock valued at $42,000 after acquiring an additional 194 shares during the last quarter. Nomura Asset Management Co. Ltd. increased 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 worth $44,000 after purchasing an additional 80 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Herc during the 4th quarter worth approximately $59,000. Finally, PNC Financial Services Group Inc. increased 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 purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.
Herc Stock Performance
Shares of HRI traded up $4.48 during midday trading on Tuesday, reaching $130.16. 36,980 shares of the stock were exchanged, compared to its average volume of 517,486. Herc Holdings Inc. has a twelve month low of $96.18 and a twelve month high of $246.88. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a market cap of $3.71 billion, a P/E ratio of 17.57, a PEG ratio of 1.61 and a beta of 1.85. The stock's 50 day simple moving average is $123.98 and its 200 day simple moving average is $167.36.
Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. During the same quarter in the previous year, the business posted $2.36 EPS. On average, sell-side analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.
Herc Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, May 30th. Herc's payout ratio is currently 62.36%.
Analyst Ratings Changes
HRI has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Robert W. Baird cut their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 price objective (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Barclays reduced their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Citigroup reduced 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.20.
View Our Latest Research Report on HRI
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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