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

Vaughan Nelson Investment Management L.P. trimmed its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 30.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 0.53% of Herc worth $20,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System raised 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 valued at $1,482,000 after acquiring an additional 68 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position 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 valued at $44,000 after purchasing an additional 80 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Herc by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company's stock valued at $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 worth $87,000 after buying an additional 117 shares in the last quarter. Finally, Vista Finance LLC grew its holdings in Herc by 8.0% in the 1st quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock valued at $213,000 after buying an additional 118 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Performance

Shares of HRI stock traded up $1.38 during midday trading on Monday, hitting $115.28. The company had a trading volume of 45,297 shares, compared to its average volume of 388,245. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company's 50 day simple moving average is $120.69 and its 200 day simple moving average is $157.51. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.61 and a beta of 1.88.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). The firm had revenue of $861.00 million during the quarter, compared to analysts' expectations of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same quarter last year, the business earned $2.36 earnings per share. Research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.43%. Herc's dividend payout ratio (DPR) is 62.36%.

Analyst Ratings Changes

A number of analysts have recently issued reports on HRI shares. JPMorgan Chase & Co. cut their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays reduced their target price on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. 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 note on Tuesday, April 22nd. Citigroup lowered their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird dropped their price target on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Herc presently has an average rating of "Moderate Buy" and an average target price of $139.20.

Herc 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.