Canada Pension Plan Investment Board Buys 10,700 Shares of Herc Holdings Inc. (NYSE:HRI)

Canada Pension Plan Investment Board increased its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 10,700.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,800 shares of the transportation company's stock after acquiring an additional 10,700 shares during the quarter. Canada Pension Plan Investment Board's holdings in Herc were worth $2,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HRI. Argent Capital Management LLC raised its stake in Herc by 38.2% during the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock valued at $1,308,000 after purchasing an additional 1,910 shares during the period. Proficio Capital Partners LLC purchased a new stake in Herc during the 4th quarter valued at approximately $5,377,000. Hennessy Advisors Inc. bought a new stake in shares of Herc during the fourth quarter valued at approximately $62,982,000. Orion Portfolio Solutions LLC lifted its holdings in shares of Herc by 12.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock worth $527,000 after buying an additional 315 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Herc by 49.5% during the third quarter. Barclays PLC now owns 52,058 shares of the transportation company's stock worth $8,299,000 after acquiring an additional 17,236 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Herc Trading Down 4.7 %

NYSE:HRI traded down $5.28 during midday trading on Tuesday, hitting $105.84. 132,046 shares of the company traded hands, compared to its average volume of 360,270. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm's fifty day moving average is $129.43 and its 200-day moving average is $178.20. The firm has a market capitalization of $3.02 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.61 and a beta of 1.93. Herc Holdings Inc. has a 12-month low of $96.19 and a 12-month high of $246.88.

Herc (NYSE:HRI - Get Free Report) last released 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 last year, the business posted $2.36 EPS. On average, sell-side analysts predict 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. Stockholders of record on Tuesday, February 18th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.65%. This is an increase from Herc's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc's dividend payout ratio is presently 62.36%.

Analysts Set New Price Targets

Several analysts have commented on HRI shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 price target (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Citigroup dropped their price target on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays lowered their target price on 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 reduced their price target on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Herc presently has a consensus rating of "Moderate Buy" and an average target price of $139.20.

About Herc

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.