First Trust Advisors LP Has $79.24 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

First Trust Advisors LP boosted its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 53.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 418,509 shares of the transportation company's stock after purchasing an additional 145,381 shares during the period. First Trust Advisors LP owned about 1.47% of Herc worth $79,236,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HRI. Jones Financial Companies Lllp lifted its position in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after acquiring an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Herc by 53.3% during 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 last quarter. PNC Financial Services Group Inc. lifted its position in Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock worth $70,000 after acquiring an additional 130 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 acquiring an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Herc by 564.0% during the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock worth $140,000 after acquiring an additional 626 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered 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. The Goldman Sachs Group reaffirmed a "buy" rating and set a $146.00 target price (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Citigroup lowered their target price on shares of Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird lowered 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. 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $139.20.

Herc Price Performance

NYSE:HRI traded down $3.07 during mid-day trading on Friday, reaching $108.38. The stock had a trading volume of 415,990 shares, compared to its average volume of 361,175. The stock has a 50-day simple moving average of $130.80 and a two-hundred day simple moving average of $178.58. The stock has a market capitalization of $3.09 billion, a PE ratio of 14.63, a P/E/G ratio of 1.61 and a beta of 1.93. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. 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 announced its quarterly earnings data 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 firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same period last year, the business earned $2.36 earnings per share. On average, equities analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.58%. This is a boost from Herc's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc's dividend payout ratio (DPR) is 37.79%.

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.