Vaughan Nelson Investment Management L.P. Cuts Stake in Herc Holdings Inc. (NYSE:HRI)

Vaughan Nelson Investment Management L.P. cut its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 30.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,330 shares of the transportation company's stock after selling 64,735 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.53% of Herc worth $20,319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in Herc by 0.9% in the 4th quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company's stock worth $1,482,000 after buying an additional 68 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after acquiring an additional 80 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Herc by 3.3% during the fourth 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 lifted its position in Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock valued at $87,000 after purchasing an additional 117 shares during the period. Finally, Vista Finance LLC boosted its holdings in Herc by 8.0% in the first quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock valued at $213,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HRI. 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. Citigroup dropped 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. Robert W. Baird decreased their price target on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 price objective (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. 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 data from MarketBeat, Herc has a consensus rating of "Moderate Buy" and a consensus target price of $139.20.

Herc Price Performance

Shares of NYSE:HRI traded up $0.72 during trading on Wednesday, reaching $112.13. 154,401 shares of the company's stock traded hands, compared to its average volume of 389,804. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.04. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88. The company has a 50-day simple moving average of $120.36 and a 200-day simple moving average of $156.36. The firm has a market cap of $3.20 billion, a PE ratio of 24.95, a P/E/G ratio of 1.47 and a beta of 1.88.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). The business had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. Herc had a return on equity of 24.10% and a net margin of 3.53%. During the same quarter in the prior year, the company posted $2.36 EPS. As a group, analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.70 per share. The ex-dividend date was Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.50%. Herc's dividend payout ratio (DPR) is 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.