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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 55.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,571 shares of the transportation company's stock after buying an additional 37,805 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.37% of Herc worth $19,988,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Voloridge Investment Management LLC grew its stake in shares of Herc by 178.7% in the 4th quarter. Voloridge Investment Management LLC now owns 120,936 shares of the transportation company's stock valued at $22,897,000 after buying an additional 77,548 shares during the period. Twinbeech Capital LP bought a new position in Herc in the fourth quarter worth approximately $1,987,000. Teza Capital Management LLC bought a new position in Herc in the fourth quarter worth approximately $363,000. Tema Etfs LLC acquired a new stake in Herc in the fourth quarter valued at approximately $4,235,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Herc during the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Down 6.6%

NYSE HRI traded down $8.18 on Monday, reaching $115.82. The company had a trading volume of 827,895 shares, compared to its average volume of 385,319. The stock has a market capitalization of $3.30 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.61 and a beta of 1.85. The company's fifty day moving average is $122.61 and its 200 day moving average is $164.00. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week 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.

Herc (NYSE:HRI - Get Free Report) last posted its earnings results 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). The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate 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 previous year, the company earned $2.36 EPS. Sell-side analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 yield of 2.42%. The ex-dividend date is Friday, May 30th. Herc's payout ratio is 62.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HRI shares. JPMorgan Chase & Co. cut 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. Citigroup lowered their price objective on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Barclays decreased their target price 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, Robert W. Baird lowered their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.