Vanguard Group Inc. Increases Holdings in Herc Holdings Inc. (NYSE:HRI)

Vanguard Group Inc. increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,066,892 shares of the transportation company’s stock after purchasing an additional 27,578 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Herc worth $580,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after buying an additional 167 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 130 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after purchasing an additional 117 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 626 shares during the last quarter. Finally, RBF Capital LLC purchased a new position in shares of Herc during the third quarter valued at about $213,000. Institutional investors own 93.11% of the company’s stock.

Herc Stock Down 3.1 %

Shares of NYSE:HRI opened at $134.60 on Tuesday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 12 month low of $119.60 and a 12 month 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. The company has a 50-day moving average price of $166.41 and a 200 day moving average price of $184.32.

Herc (NYSE:HRI) last issued 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 return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. As a group, equities research analysts predict 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. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.08%. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc’s dividend payout ratio is presently 37.79%.

Wall Street Analyst Weigh In

HRI has been the subject of a number of research reports. The Goldman Sachs Group dropped their price target on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Citigroup began coverage on Herc in a report on Monday, March 24th. They set a “buy” rating and a $165.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $202.20.

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.