International Assets Investment Management LLC Makes New Investment in Herc Holdings Inc. (NYSE:HRI)

International Assets Investment Management LLC acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,422 shares of the transportation company's stock, valued at approximately $1,552,000.

Several other hedge funds and other institutional investors have also modified their holdings of HRI. PNC Financial Services Group Inc. raised its holdings in Herc by 90.9% during the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company's stock valued at $52,000 after buying an additional 150 shares in the last quarter. Quarry LP grew its position in shares of Herc by 363.0% in the first quarter. Quarry LP now owns 338 shares of the transportation company's stock valued at $38,000 after purchasing an additional 265 shares during the last quarter. Covestor Ltd grew its position in shares of Herc by 95.8% in the first quarter. Covestor Ltd now owns 507 shares of the transportation company's stock valued at $85,000 after purchasing an additional 248 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Herc in the first quarter valued at about $109,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Herc by 227.4% in the third quarter. Tower Research Capital LLC TRC now owns 704 shares of the transportation company's stock valued at $84,000 after purchasing an additional 489 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price target on Herc from $117.00 to $142.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. The Goldman Sachs Group raised their price target on Herc from $155.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $152.50.

Herc Stock Performance

HRI stock traded down $0.68 during trading on Friday, reaching $150.09. 254,081 shares of the stock were exchanged, compared to its average volume of 184,281. Herc Holdings Inc. has a twelve month low of $93.97 and a twelve month high of $171.00. The company has a market capitalization of $4.26 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.77 and a beta of 2.27. The stock has a 50 day simple moving average of $158.59 and a 200-day simple moving average of $140.52. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.97.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, February 13th. The transportation company reported $3.24 earnings per share for the quarter, missing analysts' consensus estimates of $3.29 by ($0.05). Herc had a return on equity of 30.21% and a net margin of 10.58%. The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $858.06 million. During the same period last year, the business earned $3.44 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Herc Holdings Inc. will post 14.75 earnings per share for the current year.

Herc Increases Dividend

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

Insider Buying and Selling

In other Herc news, SVP Tamir Peres sold 3,545 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $159.10, for a total transaction of $564,009.50. Following the completion of the transaction, the senior vice president now owns 41,236 shares in the company, valued at $6,560,647.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

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.