Herc Holdings Inc. (NYSE:HRI) Stake Reduced by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,587 shares of the transportation company's stock after selling 25,100 shares during the quarter. Two Sigma Advisers LP owned about 0.22% of Herc worth $12,039,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Teza Capital Management LLC purchased a new position in Herc in the fourth quarter worth $363,000. Tema Etfs LLC purchased a new position in Herc in the fourth quarter worth $4,235,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Herc in the fourth quarter worth $59,000. Point72 Asset Management L.P. purchased a new position in Herc in the fourth quarter worth $13,935,000. Finally, ProShare Advisors LLC raised its position in Herc by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 7,928 shares of the transportation company's stock worth $1,501,000 after acquiring an additional 2,610 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HRI. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 price objective (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Barclays lowered 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 lowered their target price on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their target price on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Citigroup lowered their target price on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.20.

Herc Price Performance

Herc stock traded down $0.87 during midday trading on Wednesday, reaching $130.43. 41,316 shares of the company were exchanged, compared to its average volume of 382,759. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.61 and a beta of 1.85. The firm's 50-day simple moving average is $123.91 and its 200-day simple moving average is $167.11. Herc Holdings Inc. has a 1 year low of $96.19 and a 1 year high of $246.88. 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 (NYSE:HRI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). The company had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period last year, the firm posted $2.36 earnings per share. On average, analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

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 issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 2.15%. Herc's dividend payout ratio is presently 62.36%.

Herc Company 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.