Arizona State Retirement System Sells 202 Shares of Herc Holdings Inc. (NYSE:HRI)

Arizona State Retirement System reduced its position in Herc Holdings Inc. (NYSE:HRI) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,908 shares of the transportation company’s stock after selling 202 shares during the quarter. Arizona State Retirement System’s holdings in Herc were worth $1,177,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HRI. Welch Group LLC lifted its position in shares of Herc by 38.3% during the 4th quarter. Welch Group LLC now owns 3,250 shares of the transportation company’s stock valued at $484,000 after acquiring an additional 900 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Herc during the 4th quarter valued at $298,000. Legato Capital Management LLC acquired a new position in shares of Herc during the 4th quarter valued at $202,000. Arthur M. Cohen & Associates LLC acquired a new position in shares of Herc during the 4th quarter valued at $208,000. Finally, Vanguard Group Inc. lifted its position in shares of Herc by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,837,432 shares of the transportation company’s stock valued at $337,484,000 after acquiring an additional 23,444 shares during the period. 93.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Herc news, SVP Tamir Peres sold 3,545 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total transaction of $564,009.50. Following the transaction, the senior vice president now owns 41,236 shares in the company, valued at $6,560,647.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Herc Stock Performance

HRI opened at $158.23 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.97. The company’s fifty day moving average price is $158.36 and its two-hundred day moving average price is $139.40. Herc Holdings Inc. has a 1-year low of $93.97 and a 1-year high of $171.00. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.81 and a beta of 2.27.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, February 13th. The transportation company reported $3.24 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.05). Herc had a return on equity of 30.21% and a net margin of 10.58%. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $858.06 million. During the same quarter in the previous year, the company posted $3.44 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Herc Holdings Inc. will post 13.86 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.665 per share. This is an increase from Herc’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.66 annualized dividend and a yield of 1.68%. Herc’s dividend payout ratio is presently 21.98%.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their target price on shares of Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th.

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.