Royce & Associates LP Reduces Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Royce & Associates LP cut its holdings in Herc Holdings Inc. (NYSE:HRI) by 48.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,324 shares of the transportation company’s stock after selling 40,020 shares during the quarter. Royce & Associates LP’s holdings in Herc were worth $8,203,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HRI. Jones Financial Companies Lllp raised its position in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after acquiring an additional 167 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock worth $70,000 after purchasing an additional 130 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Herc in the 3rd quarter valued at approximately $80,000. Farther Finance Advisors LLC grew its holdings in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after buying an additional 117 shares during the last quarter. Finally, KBC Group NV increased its position in Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock worth $136,000 after buying an additional 143 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, The Goldman Sachs Group increased their price objective on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Herc currently has a consensus rating of “Hold” and a consensus price target of $219.75.

Herc Price Performance

HRI stock opened at $128.00 on Wednesday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. 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 Holdings Inc. has a 52-week low of $119.60 and a 52-week high of $246.88. The stock’s fifty day simple moving average is $176.39 and its 200-day simple moving average is $184.18.

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 was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.19%. 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.