Fisher Asset Management LLC Sells 24,447 Shares of Herc Holdings Inc. (NYSE:HRI)

Fisher Asset Management LLC reduced its stake in Herc Holdings Inc. (NYSE:HRI) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 388,867 shares of the transportation company’s stock after selling 24,447 shares during the period. Fisher Asset Management LLC’s holdings in Herc were worth $73,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd increased its holdings in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 133 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 270 shares during the last quarter. Truvestments Capital LLC bought a new stake in Herc in the 3rd quarter valued at $80,000. Venturi Wealth Management LLC increased its holdings in Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 626 shares during the last quarter. Finally, KBC Group NV increased its holdings in Herc by 20.1% in the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 143 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

Shares of NYSE:HRI opened at $143.60 on Friday. Herc Holdings Inc. has a 52 week low of $124.70 and a 52 week high of $246.88. The stock has a market capitalization of $4.09 billion, a P/E ratio of 19.38, a PEG ratio of 1.61 and a beta of 2.04. The firm has a fifty day simple moving average of $190.84 and a two-hundred day simple moving average of $184.83. 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 data on Thursday, February 13th. The transportation company reported $3.58 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 analysts’ expectations of $919.84 million. On average, analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.95%. Herc’s payout ratio is currently 37.79%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three 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, Herc presently has a consensus rating of “Hold” and an average price target of $219.75.

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.