Dark Forest Capital Management LP trimmed its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 63.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,862 shares of the transportation company's stock after selling 13,668 shares during the quarter. Dark Forest Capital Management LP's holdings in Herc were worth $1,489,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Herc by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock valued at $580,655,000 after acquiring an additional 27,578 shares during the last quarter. Capital World Investors lifted its position in shares of Herc by 435.8% during the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after buying an additional 1,154,182 shares during the last quarter. FMR LLC grew its position in shares of Herc by 69.0% in the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after buying an additional 508,359 shares during the last quarter. Norges Bank acquired a new stake in shares of Herc during the fourth quarter worth about $183,786,000. Finally, American Century Companies Inc. grew its stake in shares of Herc by 0.8% in the 4th quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company's stock valued at $153,787,000 after purchasing an additional 6,777 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on HRI shares. Barclays dropped their target price on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday. 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. JPMorgan Chase & Co. lowered their price target on Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup lowered their target price on 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 dropped their price objective 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.20.
Check Out Our Latest Stock Report on Herc
Herc Trading Up 0.6 %
NYSE HRI traded up $0.61 during trading hours on Monday, hitting $109.25. 80,723 shares of the company's stock were exchanged, compared to its average volume of 521,674. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $3.11 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The business's 50 day moving average is $130.80 and its 200-day moving average is $178.58. Herc Holdings Inc. has a 12-month low of $96.18 and a 12-month high of $246.88.
Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period in the prior year, the business earned $2.36 EPS. As a group, analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.
Herc Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's payout ratio is presently 62.36%.
About Herc
(
Free Report)
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.
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