MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 11,356 Shares of Herc Holdings Inc. (NYSE:HRI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,852 shares of the transportation company's stock after purchasing an additional 11,356 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.74% of Herc worth $39,921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Argent Capital Management LLC increased its holdings in Herc by 38.2% in the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock valued at $1,308,000 after buying an additional 1,910 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Herc during the 4th quarter worth approximately $5,377,000. Orion Portfolio Solutions LLC increased its stake in Herc by 12.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company's stock valued at $527,000 after acquiring an additional 315 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Herc during the fourth quarter valued at approximately $62,982,000. Finally, Barclays PLC lifted its stake in 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 purchasing an additional 17,236 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Trading Down 1.2%

Herc stock traded down $1.66 during trading hours on Monday, hitting $135.63. The stock had a trading volume of 85,125 shares, compared to its average volume of 378,527. The business's 50 day simple moving average is $123.73 and its 200-day simple moving average is $171.28. Herc Holdings Inc. has a one year low of $96.19 and a one year high of $246.88. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.61 and a beta of 1.85. 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 (NYSE:HRI - Get Free Report) last issued 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). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. During the same quarter last year, the business earned $2.36 EPS. On average, equities analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.06%. Herc's payout ratio is currently 62.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup decreased their price target on Herc from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reiterated a "buy" rating and issued a $146.00 target price (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of Herc from $225.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays reduced their price target on shares of Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. 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 equities 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, the stock currently has an average 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.