Victory Capital Management Inc. Has $2.75 Million Position in Herc Holdings Inc. (NYSE:HRI)

Victory Capital Management Inc. increased its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 113.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,496 shares of the transportation company's stock after purchasing an additional 10,907 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Herc worth $2,752,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of Herc by 435.8% during the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock valued at $268,662,000 after purchasing an additional 1,154,182 shares during the last quarter. Norges Bank bought a new position in Herc in the fourth quarter valued at approximately $183,786,000. FMR LLC boosted its stake in Herc by 69.0% in the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after acquiring an additional 508,359 shares during the last quarter. Capital International Investors boosted its stake in Herc by 58.9% in the fourth quarter. Capital International Investors now owns 561,377 shares of the transportation company's stock valued at $106,286,000 after acquiring an additional 208,158 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Herc by 53.2% in the fourth quarter. First Trust Advisors LP now owns 418,509 shares of the transportation company's stock valued at $79,236,000 after acquiring an additional 145,381 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Down 17.2%

NYSE HRI traded down $25.74 during trading on Tuesday, hitting $124.14. The stock had a trading volume of 1,900,833 shares, compared to its average volume of 525,784. Herc Holdings Inc. has a 12 month low of $96.18 and a 12 month high of $246.88. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.50 and a current ratio of 1.50. The company's 50-day moving average price is $129.81 and its two-hundred day moving average price is $143.08. The company has a market capitalization of $3.54 billion, a PE ratio of 27.65, a P/E/G ratio of 3.76 and a beta of 1.86.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.70 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 2.26%. Herc's payout ratio is currently 62.36%.

Analyst Ratings Changes

A number of equities analysts have issued reports on HRI shares. Barclays reduced their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. 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. JPMorgan Chase & Co. cut their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird cut 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. Finally, Citigroup reiterated a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Herc in a report on Tuesday, June 24th. Two 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, the company has an average rating of "Moderate Buy" and a consensus 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.