Herc Holdings Inc. (NYSE:HRI) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in Herc Holdings Inc. (NYSE:HRI) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,360 shares of the transportation company’s stock after acquiring an additional 2,746 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Herc were worth $9,345,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HRI. Citigroup Inc. lifted its position in shares of Herc by 191.1% during the 3rd quarter. Citigroup Inc. now owns 27,858 shares of the transportation company’s stock valued at $4,441,000 after acquiring an additional 18,289 shares during the period. FMR LLC raised its position in shares of Herc by 8.3% during the 3rd 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 last quarter. Townsquare Capital LLC purchased a new stake in Herc in the 3rd quarter valued at approximately $367,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Herc by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,766 shares of the transportation company’s stock valued at $10,804,000 after buying an additional 2,237 shares during the last quarter. Finally, Holocene Advisors LP increased its position in Herc by 111.9% during the third quarter. Holocene Advisors LP now owns 26,905 shares of the transportation company’s stock worth $4,289,000 after buying an additional 14,205 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on HRI shares. The Goldman Sachs Group reduced their price objective on Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Citigroup began coverage on shares of Herc in a research note on Monday, March 24th. They set a “buy” rating and a $165.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.20.

Herc Price Performance

HRI stock opened at $142.19 on Thursday. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The stock’s fifty day simple moving average is $163.64 and its 200-day simple moving average is $184.01. Herc Holdings Inc. has a 52-week low of $119.60 and a 52-week high of $246.88. 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 (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 business had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Equities research analysts expect 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. Investors of record on Tuesday, February 18th were given a dividend of $0.70 per share. This is a positive change from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 1.97%. Herc’s dividend payout ratio is 37.79%.

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.