Herc Holdings Inc. (NYSE:HRI) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,930 shares of the transportation company's stock after selling 3,116 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Herc were worth $2,443,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Herc during the 4th quarter worth approximately $183,786,000. FMR LLC increased its position in shares of Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock worth $235,748,000 after acquiring an additional 508,359 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Herc in the fourth quarter valued at $71,211,000. Hennessy Advisors Inc. purchased a new position in Herc in the fourth quarter valued at $62,982,000. Finally, Allianz Asset Management GmbH grew its stake in Herc by 578.8% during the 4th quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company's stock worth $43,760,000 after purchasing an additional 197,082 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Stock Performance

NYSE HRI traded up $3.97 during trading hours on Friday, hitting $115.48. The company had a trading volume of 87,818 shares, compared to its average volume of 517,506. The business has a 50 day moving average of $126.11 and a 200-day moving average of $176.84. 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 Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $246.88. The company has a market cap of $3.29 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last released 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). 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 quarter in the prior year, the business earned $2.36 EPS. As a group, equities research analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.70 dividend. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.42%. Herc's dividend payout ratio is 62.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays decreased 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. JPMorgan Chase & Co. dropped their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Robert W. Baird lowered their target price on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group reissued a "buy" rating and issued a $146.00 target price (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Finally, Citigroup decreased their price target on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock 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.