Capital World Investors Has $268.66 Million Stake in Herc Holdings Inc. (NYSE:HRI)

Capital World Investors raised its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 435.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,419,015 shares of the transportation company's stock after acquiring an additional 1,154,182 shares during the quarter. Capital World Investors owned 4.99% of Herc worth $268,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of 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 purchasing an additional 167 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company's stock worth $44,000 after buying an additional 80 shares during the period. PNC Financial Services Group Inc. lifted its stake in Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company's stock valued at $70,000 after buying an additional 130 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company's stock worth $87,000 after buying an additional 117 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Herc by 564.0% in 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 in the last quarter. Institutional investors own 93.11% of the company's stock.

Analyst Ratings Changes

HRI has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday. Barclays reduced their target price on Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday. The Goldman Sachs Group reiterated a "buy" rating and set a $146.00 price target (down previously from $171.00) on shares of Herc in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Citigroup lowered their target price on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $139.20.

Herc Price Performance

Shares of HRI stock traded down $3.07 during mid-day trading on Friday, reaching $108.38. The company's stock had a trading volume of 415,990 shares, compared to its average volume of 360,394. 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's 50-day moving average is $130.80 and its two-hundred day moving average is $178.38. Herc Holdings Inc. has a 1-year low of $96.19 and a 1-year high of $246.88. The company has a market cap of $3.09 billion, a P/E ratio of 14.63, a PEG ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. During the same quarter in the prior year, the firm posted $2.36 EPS. On average, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

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

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.