Knights of Columbus Asset Advisors LLC Purchases 24,491 Shares of Herc Holdings Inc. (NYSE:HRI)

Knights of Columbus Asset Advisors LLC boosted its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 117.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 45,321 shares of the transportation company's stock after buying an additional 24,491 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.16% of Herc worth $6,748,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HRI. Lazard Asset Management LLC boosted its holdings in Herc by 1.9% in the 2nd quarter. Lazard Asset Management LLC now owns 4,203 shares of the transportation company's stock valued at $575,000 after purchasing an additional 78 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Herc by 6.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,609 shares of the transportation company's stock valued at $212,000 after purchasing an additional 98 shares during the period. Versor Investments LP boosted its holdings in Herc by 5.4% in the 3rd quarter. Versor Investments LP now owns 2,000 shares of the transportation company's stock valued at $238,000 after purchasing an additional 102 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Herc by 7.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,498 shares of the transportation company's stock valued at $264,000 after purchasing an additional 102 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Herc by 90.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company's stock worth $52,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Insiders Place Their Bets

In other Herc news, SVP Tamir Peres sold 3,545 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the completion of the transaction, the senior vice president now owns 41,236 shares of the company's stock, valued at approximately $6,560,647.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

HRI has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Herc from $117.00 to $142.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. The Goldman Sachs Group upped their price target on shares of Herc from $155.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $152.50.

Herc Stock Down 0.5 %

NYSE:HRI traded down $0.75 during trading hours on Friday, reaching $150.02. The company had a trading volume of 254,081 shares, compared to its average volume of 191,918. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.97. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 0.79 and a beta of 2.27. The business's 50-day simple moving average is $158.63 and its two-hundred day simple moving average is $139.84. Herc Holdings Inc. has a twelve month low of $93.97 and a twelve month high of $171.00.

Herc (NYSE:HRI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The transportation company reported $3.24 EPS for the quarter, missing analysts' consensus estimates of $3.29 by ($0.05). The company had revenue of $831.00 million during the quarter, compared to analyst estimates of $858.06 million. Herc had a return on equity of 30.21% and a net margin of 10.58%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.44 earnings per share. On average, equities analysts expect that Herc Holdings Inc. will post 13.86 earnings per share for the current year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Wednesday, February 21st were issued a dividend of $0.665 per share. The ex-dividend date was Tuesday, February 20th. This is a boost from Herc's previous quarterly dividend of $0.63. This represents a $2.66 annualized dividend and a yield of 1.77%. Herc's payout ratio is 21.98%.

Herc 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.