Q Global Advisors LLC Grows Stake in Herc Holdings Inc. (NYSE:HRI)

Q Global Advisors LLC grew its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 70.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,100 shares of the transportation company's stock after buying an additional 28,084 shares during the quarter. Herc accounts for approximately 7.7% of Q Global Advisors LLC's holdings, making the stock its 4th biggest holding. Q Global Advisors LLC owned 0.24% of Herc worth $10,139,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Herc by 213.3% during the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company's stock valued at $35,000 after acquiring an additional 160 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Herc by 576.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company's stock valued at $46,000 after acquiring an additional 265 shares during the last quarter. CWM LLC boosted its stake in shares of Herc by 45.3% during the fourth quarter. CWM LLC now owns 359 shares of the transportation company's stock valued at $53,000 after acquiring an additional 112 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Herc during the fourth quarter valued at $108,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Herc during the third quarter valued at $173,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Trading Down 1.1 %

Shares of NYSE HRI traded down $1.65 during midday trading on Friday, hitting $152.27. The stock had a trading volume of 165,755 shares, compared to its average volume of 218,525. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.75 and a beta of 2.27. Herc Holdings Inc. has a 1-year low of $93.97 and a 1-year high of $171.00. The company has a quick ratio of 1.44, a current ratio of 1.51 and a debt-to-equity ratio of 2.95. The company has a fifty day moving average price of $159.08 and a 200 day moving average price of $141.80.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The transportation company reported $3.24 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.05). The firm had revenue of $831.00 million during the quarter, compared to analyst estimates of $858.06 million. Herc had a net margin of 10.31% and a return on equity of 28.68%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.44 earnings per share. On average, analysts predict that Herc Holdings Inc. will post 14.59 earnings per share for the current year.

Herc Increases Dividend

The business also recently announced 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. This is an increase from Herc's previous quarterly dividend of $0.63. This represents a $2.66 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, February 20th. Herc's dividend payout ratio (DPR) is presently 21.97%.

Insider Activity at Herc

In related news, SVP Tamir Peres sold 3,545 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction of $564,009.50. Following the sale, the senior vice president now directly owns 41,236 shares in the company, valued at approximately $6,560,647.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

HRI has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on Herc from $117.00 to $142.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. StockNews.com raised Herc from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on Herc from $155.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $152.50.

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.