Herc Holdings Inc. (NYSE:HRI) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,076 shares of the transportation company's stock after selling 84,097 shares during the period. Voya Investment Management LLC owned 0.33% of Herc worth $17,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in Herc by 878.9% in the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company's stock worth $35,000 after purchasing an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock valued at $44,000 after buying an additional 80 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after acquiring an additional 130 shares during the last quarter. Farther Finance Advisors LLC increased its stake 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 stake in shares of Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company's stock valued at $140,000 after purchasing an additional 626 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Stock Up 2.2 %

NYSE:HRI traded up $2.45 during mid-day trading on Thursday, reaching $111.89. The company's stock had a trading volume of 438,811 shares, compared to its average volume of 362,945. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a 1 year low of $96.19 and a 1 year high of $246.88. The stock has a fifty day moving average of $126.92 and a 200-day moving average of $177.24. The firm has a market capitalization of $3.19 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data 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). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. During the same period in the previous year, the business earned $2.36 EPS. Equities research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.50%. This is an increase 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 62.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HRI. Barclays lowered their price target on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Robert W. Baird cut their price target 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. The Goldman Sachs Group reissued a "buy" rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Citigroup dropped their target price on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. 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.com, Herc has a consensus rating of "Moderate Buy" and an average price target 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.