New York State Common Retirement Fund Buys 14,069 Shares of Herc Holdings Inc. (NYSE:HRI)

New York State Common Retirement Fund boosted its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,129 shares of the transportation company's stock after buying an additional 14,069 shares during the quarter. New York State Common Retirement Fund owned approximately 0.48% of Herc worth $20,119,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of Herc by 7.1% in the 4th quarter. California Public Employees Retirement System now owns 40,858 shares of the transportation company's stock valued at $6,083,000 after purchasing an additional 2,716 shares during the period. Jennison Associates LLC raised its stake in Herc by 2.5% during the 4th quarter. Jennison Associates LLC now owns 466,119 shares of the transportation company's stock worth $69,400,000 after buying an additional 11,408 shares during the period. CWM LLC raised its stake in Herc by 45.3% during the 4th quarter. CWM LLC now owns 359 shares of the transportation company's stock worth $53,000 after buying an additional 112 shares during the period. Signaturefd LLC raised its stake in Herc by 213.3% during the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company's stock worth $35,000 after buying an additional 160 shares during the period. Finally, Hunter Associates Investment Management LLC raised its stake in Herc by 18.9% during the 4th quarter. Hunter Associates Investment Management LLC now owns 6,854 shares of the transportation company's stock worth $1,014,000 after buying an additional 1,090 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Insider Activity

In other 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 value of $564,009.50. Following the completion of the transaction, the senior vice president now owns 41,236 shares in the company, valued at approximately $6,560,647.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on Herc from $155.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. StockNews.com upgraded Herc from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Robert W. Baird increased their target price on Herc from $117.00 to $142.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $152.50.

Herc Stock Down 1.1 %

HRI stock traded down $1.65 during trading hours on Friday, reaching $152.27. 165,755 shares of the stock were exchanged, compared to its average volume of 218,525. The firm's 50-day moving average is $159.08 and its 200-day moving average is $142.00. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.74 and a beta of 2.27. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.51 and a quick ratio of 1.44. Herc Holdings Inc. has a 12 month low of $93.97 and a 12 month high of $171.00.

Herc (NYSE:HRI - Get Free Report) last announced 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 company had revenue of $831.00 million during the quarter, compared to the consensus estimate of $858.06 million. Herc had a net margin of 10.31% and a return on equity of 28.68%. Herc's revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.44 EPS. On average, equities research analysts expect that Herc Holdings Inc. will post 14.59 earnings per share for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Wednesday, February 21st were issued a $0.665 dividend. This is a boost from Herc's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.66 annualized dividend and a dividend yield of 1.75%. Herc's dividend payout ratio (DPR) is presently 21.97%.

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.