3,714 Shares in Herc Holdings Inc. (NYSE:HRI) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,714 shares of the transportation company's stock, valued at approximately $703,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors increased its stake in Herc by 435.8% in the 4th quarter. Capital World Investors now owns 1,419,015 shares of the transportation company's stock worth $268,662,000 after purchasing an additional 1,154,182 shares during the period. Norges Bank bought a new stake in Herc in the 4th quarter worth $183,786,000. FMR LLC increased its position in shares of Herc by 69.0% in the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company's stock valued at $235,748,000 after acquiring an additional 508,359 shares during the period. Artemis Investment Management LLP bought a new position in shares of Herc during the fourth quarter valued at about $71,211,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Herc during the fourth quarter valued at about $62,982,000. Institutional investors own 93.11% of the company's stock.

Analyst Ratings Changes

HRI has been the topic of several recent analyst reports. Barclays reduced their price target on Herc from $250.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Citigroup decreased their target price on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird reduced their price objective on shares of Herc from $129.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.20.

Herc Stock Up 0.7%

Shares of NYSE:HRI traded up $0.97 during trading on Tuesday, hitting $137.61. The stock had a trading volume of 165,784 shares, compared to its average volume of 379,044. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a 12 month low of $96.19 and a 12 month high of $246.88. The company has a market capitalization of $3.92 billion, a PE ratio of 18.55, a PEG ratio of 1.61 and a beta of 1.85. The firm's fifty day moving average is $124.00 and its 200 day moving average is $170.77.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $861.00 million for the quarter, compared to analysts' expectations of $841.67 million. During the same period in the prior year, the business posted $2.36 EPS. Analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 2.03%. Herc's dividend payout ratio (DPR) is currently 62.36%.

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.