UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Herc Holdings Inc. (NYSE:HRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 55.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 105,571 shares of the transportation company's stock after acquiring an additional 37,805 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of Herc worth $19,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC raised its holdings in Herc by 178.7% in the 4th quarter. Voloridge Investment Management LLC now owns 120,936 shares of the transportation company's stock worth $22,897,000 after purchasing an additional 77,548 shares during the period. Twinbeech Capital LP acquired a new position in Herc in the 4th quarter worth about $1,987,000. Teza Capital Management LLC purchased a new stake in Herc during the 4th quarter worth approximately $363,000. Tema Etfs LLC purchased a new stake in Herc during the 4th quarter worth approximately $4,235,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Herc during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup cut their price objective 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 reiterated a "buy" rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Robert W. Baird decreased their price target on Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Barclays decreased their price target on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Herc has an average rating of "Moderate Buy" and an average target price of $139.20.

Herc Stock Performance

Shares of HRI stock traded down $5.12 during mid-day trading on Friday, hitting $123.88. 528,843 shares of the stock were exchanged, compared to its average volume of 383,309. The stock's fifty day simple moving average is $123.49 and its two-hundred day simple moving average is $166.16. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.61 and a beta of 1.85. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month 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 issued 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 return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. During the same period in the previous year, the business posted $2.36 EPS. On average, analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 2.26%. Herc's dividend payout ratio (DPR) is 62.36%.

About Herc

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.