Herc Holdings Inc. (NYSE:HRI) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its holdings in Herc Holdings Inc. (NYSE:HRI) by 53.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,765 shares of the transportation company’s stock after selling 1,990 shares during the period. Mackenzie Financial Corp’s holdings in Herc were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HRI. Invesco Ltd. boosted its holdings in Herc by 37.8% in the third quarter. Invesco Ltd. now owns 1,667,255 shares of the transportation company’s stock valued at $198,303,000 after purchasing an additional 457,697 shares during the last quarter. Electron Capital Partners LLC boosted its holdings in Herc by 22.6% in the third quarter. Electron Capital Partners LLC now owns 585,029 shares of the transportation company’s stock valued at $69,583,000 after purchasing an additional 107,708 shares during the last quarter. Channing Capital Management LLC boosted its holdings in Herc by 27.8% in the third quarter. Channing Capital Management LLC now owns 453,550 shares of the transportation company’s stock valued at $53,945,000 after purchasing an additional 98,648 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in Herc by 653.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 56,500 shares of the transportation company’s stock valued at $6,720,000 after purchasing an additional 49,000 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Herc by 14.9% in the third quarter. American Century Companies Inc. now owns 350,401 shares of the transportation company’s stock valued at $41,677,000 after purchasing an additional 45,427 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HRI. Robert W. Baird increased their price target on Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. The Goldman Sachs Group increased their target price on Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com raised Herc from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $152.50.

Herc Stock Down 1.1 %

HRI opened at $152.27 on Monday. Herc Holdings Inc. has a 12 month low of $93.97 and a 12 month high of $171.00. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.51 and a quick ratio of 1.44. The stock has a market cap of $4.32 billion, a P/E ratio of 12.57, a P/E/G ratio of 0.74 and a beta of 2.27. The stock’s 50 day moving average price is $159.08 and its 200 day moving average price is $142.00.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, February 13th. The transportation company reported $3.24 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.05). Herc had a net margin of 10.31% and a return on equity of 28.68%. The business had revenue of $831.00 million during the quarter, compared to analyst estimates of $858.06 million. During the same quarter in the prior year, the business earned $3.44 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts predict that Herc Holdings Inc. will post 14.59 earnings per share for the current year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This is a boost from Herc’s previous quarterly dividend of $0.63. This represents a $2.66 annualized dividend and a dividend yield of 1.75%. Herc’s dividend payout ratio (DPR) is 21.97%.

Insider Activity

In other news, SVP Tamir Peres sold 3,545 shares of Herc stock in a transaction on Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction of $564,009.50. Following the transaction, the senior vice president now directly owns 41,236 shares in the company, valued at approximately $6,560,647.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

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.