MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,852 shares of the transportation company's stock after purchasing an additional 11,356 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.74% of Herc worth $39,921,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HRI. Vanguard Group Inc. increased its position in shares of Herc by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company's stock worth $580,655,000 after acquiring an additional 27,578 shares during the period. Capital World Investors increased its position in shares of Herc by 435.8% during the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after acquiring an additional 1,154,182 shares during the period. FMR LLC increased its position in shares of Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock worth $235,748,000 after acquiring an additional 508,359 shares during the period. Norges Bank bought a new position in shares of Herc during the fourth quarter valued at approximately $183,786,000. Finally, American Century Companies Inc. boosted its stake in shares of Herc by 0.8% during the fourth 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 in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
Herc Stock Up 2.0%
HRI traded up $2.72 during trading on Friday, hitting $137.27. The stock had a trading volume of 469,489 shares, compared to its average volume of 378,773. The company has a market capitalization of $3.91 billion, a PE ratio of 18.52, a PEG ratio of 1.61 and a beta of 1.85. Herc Holdings Inc. has a twelve month low of $96.19 and a twelve month high of $246.88. 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 stock has a 50 day simple moving average of $123.73 and a two-hundred day simple moving average of $171.81.
Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The firm had revenue of $861.00 million during the quarter, compared to analyst estimates of $841.67 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. During the same quarter last year, the business earned $2.36 earnings per share. On average, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.
Herc Dividend Announcement
The business also recently disclosed 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 2.04%. Herc's payout ratio is currently 62.36%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on HRI. Robert W. Baird dropped their price objective on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Citigroup dropped their price objective on shares of 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 set a $146.00 price objective (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Barclays dropped their price objective 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, JPMorgan Chase & Co. dropped their price objective on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $139.20.
View Our Latest Stock Report on Herc
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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