Herc Holdings Inc. (NYSE:HRI) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors reduced its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,539 shares of the transportation company’s stock after selling 181 shares during the period. Captrust Financial Advisors’ holdings in Herc were worth $291,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in 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 during the period. Capital World Investors boosted its position in shares of Herc by 435.8% in the fourth quarter. Capital World Investors now owns 1,419,015 shares of the transportation company’s stock worth $268,662,000 after acquiring an additional 1,154,182 shares during the last quarter. FMR LLC lifted its position in Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock valued at $235,748,000 after buying an additional 508,359 shares in the last quarter. Norges Bank acquired a new position in Herc during the fourth quarter valued at approximately $183,786,000. Finally, American Century Companies Inc. lifted its position in shares of Herc by 0.8% during 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. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HRI has been the subject of several recent research reports. Barclays lowered their target price on shares of Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Robert W. Baird dropped their target price on Herc from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Citigroup decreased their target price on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. 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 research report on Monday, April 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $146.00 target price (down from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.20.

Herc Trading Down 0.7%

NYSE:HRI opened at $135.70 on Wednesday. The stock has a market capitalization of $3.87 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The business’s 50-day simple moving average is $124.27 and its 200-day simple moving average is $170.52. 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.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.21). The company had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period last year, the firm earned $2.36 EPS. Sell-side analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, May 30th. Herc’s dividend payout ratio is 62.36%.

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.