Two Sigma Investments LP Decreases Stock Position in Herc Holdings Inc. (NYSE:HRI)

Two Sigma Investments LP reduced its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 51.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,563 shares of the transportation company's stock after selling 47,692 shares during the period. Two Sigma Investments LP owned approximately 0.16% of Herc worth $8,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in shares of Herc by 0.9% during the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after acquiring an additional 68 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Herc by 53.3% in 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. Summit Investment Advisors Inc. grew its position in Herc by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock worth $558,000 after purchasing an additional 94 shares during the last quarter. Farther Finance Advisors LLC grew its position in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after purchasing an additional 117 shares during the last quarter. 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 valued at $70,000 after purchasing an additional 130 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Performance

HRI traded up $0.88 during midday trading on Thursday, hitting $129.17. 210,163 shares of the company were exchanged, compared to its average volume of 382,544. The company's 50 day simple moving average is $123.76 and its 200 day simple moving average is $166.84. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. 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 data 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 during the quarter, compared to analysts' expectations of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter in the prior year, the company posted $2.36 EPS. As a group, sell-side analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The company 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 2.17%. Herc's dividend payout ratio is presently 62.36%.

Wall Street Analysts Forecast Growth

HRI has been the subject of several research reports. Robert W. Baird lowered their price objective 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. Citigroup reduced their target price on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 price target (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Barclays reduced their price objective on 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 given a buy rating to the company's stock. Based on data from MarketBeat, Herc has an average rating of "Moderate Buy" and an average price target of $139.20.

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.