Fisher Asset Management LLC Sells 115,417 Shares of Herc Holdings Inc. (NYSE:HRI)

Fisher Asset Management LLC decreased its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,866 shares of the transportation company's stock after selling 115,417 shares during the quarter. Fisher Asset Management LLC owned 1.48% of Herc worth $62,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Herc by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,837,432 shares of the transportation company's stock valued at $337,484,000 after acquiring an additional 23,444 shares during the last quarter. Invesco Ltd. grew its holdings in Herc by 37.8% during the third quarter. Invesco Ltd. now owns 1,667,255 shares of the transportation company's stock worth $198,303,000 after purchasing an additional 457,697 shares during the period. Electron Capital Partners LLC grew its holdings in Herc by 22.6% during the third quarter. Electron Capital Partners LLC now owns 585,029 shares of the transportation company's stock worth $69,583,000 after purchasing an additional 107,708 shares during the period. Jennison Associates LLC grew its holdings in Herc by 2.5% during the fourth quarter. Jennison Associates LLC now owns 466,119 shares of the transportation company's stock worth $69,400,000 after purchasing an additional 11,408 shares during the period. Finally, Channing Capital Management LLC boosted its holdings in shares of Herc by 27.8% during the third quarter. Channing Capital Management LLC now owns 453,550 shares of the transportation company's stock worth $53,945,000 after acquiring an additional 98,648 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Insiders Place Their Bets

In other news, COO Aaron Birnbaum sold 5,844 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the transaction, the chief operating officer now directly owns 48,232 shares in the company, valued at approximately $7,347,180.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Aaron Birnbaum sold 5,844 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the transaction, the chief operating officer now directly owns 48,232 shares in the company, valued at approximately $7,347,180.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tamir Peres sold 3,545 shares of the stock in a transaction 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 $6,560,647.60. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HRI. StockNews.com cut Herc from a "buy" rating to a "hold" rating in a report on Thursday. The Goldman Sachs Group lifted 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, April 16th. Finally, Robert W. Baird lifted their price target on shares of Herc from $117.00 to $142.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $152.50.

Herc Price Performance

NYSE HRI traded down $1.66 on Friday, hitting $146.90. 209,430 shares of the company's stock were exchanged, compared to its average volume of 244,438. The stock has a 50-day moving average of $158.91 and a 200-day moving average of $143.03. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.95. Herc Holdings Inc. has a 52 week low of $93.97 and a 52 week high of $171.00. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 0.73 and a beta of 2.27.

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 the consensus estimate of $3.29 by ($0.05). Herc had a return on equity of 28.68% and a net margin of 10.31%. The business had revenue of $831.00 million for the quarter, compared to the consensus estimate of $858.06 million. During the same quarter in the previous year, the company earned $3.44 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Herc Holdings Inc. will post 14.59 earnings per share for the current year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.665 per share. The ex-dividend date of this dividend 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 1.81%. Herc's dividend payout ratio is presently 21.97%.

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.