Herc Holdings Inc. (NYSE:HRI) Stock Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,628 shares of the transportation company’s stock after acquiring an additional 249 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of Herc worth $4,663,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp boosted its position in shares of Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 167 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 80 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Herc by 54.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 130 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after purchasing an additional 117 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after purchasing an additional 626 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HRI. JPMorgan Chase & Co. reduced their target price on Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Citigroup dropped their price target on Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Herc in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.20.

Herc Stock Down 7.6 %

HRI opened at $103.08 on Wednesday. The company has a market capitalization of $2.94 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a fifty-two week low of $96.19 and a fifty-two week high of $246.88. The business has a 50-day moving average of $136.05 and a 200-day moving average of $179.60.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.46 by ($1.16). The business had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period in the prior year, the firm earned $2.36 earnings per share. Equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm 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. This represents a $2.80 annualized dividend and a yield of 2.72%. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. Herc’s dividend payout ratio is presently 37.79%.

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.