Avior Wealth Management LLC Sells 109 Shares of Herc Holdings Inc. (NYSE:HRI)

Avior Wealth Management LLC trimmed its holdings in Herc Holdings Inc. (NYSE:HRI) by 26.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 297 shares of the transportation company’s stock after selling 109 shares during the quarter. Avior Wealth Management LLC’s holdings in Herc were worth $56,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HRI. Signaturefd LLC grew its stake in shares of Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd grew its stake in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 133 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 270 shares during the period. GAMMA Investing LLC grew its stake in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 338 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of Herc during the 3rd quarter valued at about $80,000. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Up 2.4 %

HRI stock opened at $203.49 on Thursday. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock has a market cap of $5.78 billion, a P/E ratio of 16.64, a PEG ratio of 1.07 and a beta of 2.06. The business’s 50-day moving average price is $204.27 and its 200-day moving average price is $178.10.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.31%. Herc’s payout ratio is currently 21.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HRI. Barclays boosted their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price target on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $219.75.

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.