Herc Holdings Inc. (NYSE:HRI) Stock Holdings Reduced by Legal & General Group Plc

Legal & General Group Plc cut its position in shares of Herc Holdings Inc. (NYSE:HRI) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,871 shares of the transportation company’s stock after selling 979 shares during the period. Legal & General Group Plc owned 0.11% of Herc worth $6,034,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Herc by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company’s stock worth $580,655,000 after purchasing an additional 27,578 shares in the last quarter. FMR LLC grew its position in Herc by 69.0% during the 4th quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock worth $235,748,000 after acquiring an additional 508,359 shares during the last quarter. Norges Bank bought a new position in Herc in the 4th quarter valued at $183,786,000. American Century Companies Inc. boosted its stake in Herc by 0.8% in the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company’s stock worth $153,787,000 after purchasing an additional 6,777 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in Herc during the 4th quarter worth about $71,211,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Trading Up 1.7 %

NYSE HRI opened at $117.70 on Monday. Herc Holdings Inc. has a 52 week low of $109.39 and a 52 week high of $246.88. The business has a 50 day moving average price of $139.85 and a 200-day moving average price of $180.48. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. As a group, equities analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 2.38%. Herc’s payout ratio is presently 37.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HRI shares. The Goldman Sachs Group dropped their target price on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Citigroup cut their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.20.

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.