Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Herc Holdings Inc. (NYSE:HRI) by 23.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,278 shares of the transportation company’s stock after buying an additional 1,366 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Herc were worth $1,378,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Artemis Investment Management LLP acquired a new stake in shares of Herc during the fourth quarter worth about $71,211,000. Hennessy Advisors Inc. acquired a new stake in shares of Herc during the fourth quarter worth about $62,982,000. Allianz Asset Management GmbH lifted its holdings in shares of Herc by 578.8% during the fourth quarter. Allianz Asset Management GmbH now owns 231,130 shares of the transportation company’s stock worth $43,760,000 after purchasing an additional 197,082 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Herc by 117.3% during the third quarter. Franklin Resources Inc. now owns 116,512 shares of the transportation company’s stock worth $19,739,000 after purchasing an additional 62,883 shares during the period. Finally, FMR LLC lifted its holdings in shares of Herc by 8.3% during the third quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock worth $117,470,000 after purchasing an additional 56,191 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $219.75.

Herc Trading Down 0.3 %

Shares of NYSE:HRI opened at $128.00 on Wednesday. Herc Holdings Inc. has a 12-month low of $119.60 and a 12-month high of $246.88. The company has a market capitalization of $3.64 billion, a PE ratio of 17.27, a PEG ratio of 1.61 and a beta of 2.14. The business has a 50 day moving average of $176.39 and a two-hundred day moving average of $184.18. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. As a group, analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 2.19%. Herc’s payout ratio is presently 37.79%.

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.