Jones Financial Companies Lllp Boosts Stake in Herc Holdings Inc. (NYSE:HRI)

Jones Financial Companies Lllp lifted its holdings in Herc Holdings Inc. (NYSE:HRI) by 878.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186 shares of the transportation company’s stock after buying an additional 167 shares during the quarter. Jones Financial Companies Lllp’s holdings in Herc were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HRI. Victory Capital Management Inc. boosted its stake in shares of Herc by 5.1% in the third quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company’s stock valued at $928,000 after buying an additional 284 shares in the last quarter. KBC Group NV boosted its stake in shares of Herc by 20.1% in the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after buying an additional 143 shares in the last quarter. Natixis Advisors LLC acquired a new position in Herc during the third quarter worth $3,891,000. Thrivent Financial for Lutherans raised its holdings in Herc by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 55,960 shares of the transportation company’s stock worth $8,922,000 after purchasing an additional 236 shares during the last quarter. Finally, Pathstone Holdings LLC raised its holdings in Herc by 2.5% during the third quarter. Pathstone Holdings LLC now owns 21,679 shares of the transportation company’s stock worth $3,456,000 after purchasing an additional 522 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Stock Performance

Herc stock opened at $132.96 on Thursday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 17.94, a PEG ratio of 1.61 and a beta of 2.14. The stock has a fifty day moving average price of $175.41 and a 200 day moving average price of $183.82. Herc Holdings Inc. has a 52 week low of $119.60 and a 52 week high of $246.88. 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 posted 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 firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. Equities research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is 37.79%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reduced their price objective on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $211.50.

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.