Herc Holdings Inc. (NYSE:HRI) Shares Bought by KBC Group NV

KBC Group NV grew its position in Herc Holdings Inc. (NYSE:HRI) by 34.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,150 shares of the transportation company’s stock after acquiring an additional 296 shares during the quarter. KBC Group NV’s holdings in Herc were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Signaturefd LLC boosted its stake in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd raised its holdings in shares of Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after buying an additional 270 shares during the period. GAMMA Investing LLC grew its holdings in shares of Herc by 704.2% during the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after buying an additional 338 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Herc in the 3rd quarter valued at about $80,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Herc Stock Performance

NYSE HRI opened at $204.47 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The business’s 50 day moving average is $202.88 and its two-hundred day moving average is $179.63. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.06 and a beta of 2.04. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88.

Herc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.30%. The ex-dividend date was Monday, December 16th. Herc’s payout ratio is 21.75%.

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.