49,558 Shares in Herc Holdings Inc. (NYSE:HRI) Bought by Paradoxiom Capital L.P.

Paradoxiom Capital L.P. bought a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 49,558 shares of the transportation company's stock, valued at approximately $9,383,000. Herc makes up about 3.9% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 9th largest holding. Paradoxiom Capital L.P. owned 0.17% of Herc at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen Asset Management LLC grew its stake in shares of Herc by 6.0% during the fourth quarter. Nuveen Asset Management LLC now owns 84,587 shares of the transportation company's stock worth $16,015,000 after purchasing an additional 4,802 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in Herc in the fourth quarter valued at $703,000. Millennium Management LLC boosted its stake in Herc by 1,221.2% in the fourth quarter. Millennium Management LLC now owns 40,732 shares of the transportation company's stock valued at $7,712,000 after acquiring an additional 37,649 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Herc by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,852 shares of the transportation company's stock valued at $39,921,000 after acquiring an additional 11,356 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Herc by 97.0% in the fourth quarter. Lazard Asset Management LLC now owns 12,805 shares of the transportation company's stock valued at $2,423,000 after acquiring an additional 6,304 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Herc Price Performance

Herc stock traded down $1.32 during mid-day trading on Monday, reaching $135.97. The company had a trading volume of 150,664 shares, compared to its average volume of 378,797. Herc Holdings Inc. has a 1 year low of $96.19 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $3.87 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.61 and a beta of 1.85. The stock's 50-day simple moving average is $123.73 and its 200-day simple moving average is $171.28.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. During the same quarter last year, the business posted $2.36 EPS. On average, equities analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.06%. Herc's dividend payout ratio is currently 62.36%.

Wall Street Analyst Weigh In

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

About Herc

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.