Rhumbline Advisers Increases Stock Position in Herc Holdings Inc. (NYSE:HRI)

Rhumbline Advisers raised its position in shares of Herc Holdings Inc. (NYSE:HRI) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,982 shares of the transportation company’s stock after buying an additional 1,601 shares during the period. Rhumbline Advisers owned about 0.15% of Herc worth $5,772,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Herc by 9,676.3% during the 1st quarter. GAMMA Investing LLC now owns 42,429 shares of the transportation company’s stock valued at $56,970,000 after buying an additional 41,995 shares during the period. Mackenzie Financial Corp lifted its position in shares of Herc by 693.3% in the 4th quarter. Mackenzie Financial Corp now owns 14,001 shares of the transportation company’s stock worth $2,651,000 after purchasing an additional 12,236 shares during the period. Castleark Management LLC purchased a new stake in shares of Herc in the 4th quarter worth about $6,049,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Herc by 55.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,571 shares of the transportation company’s stock worth $19,988,000 after purchasing an additional 37,805 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in shares of Herc by 178.7% in the 4th quarter. Voloridge Investment Management LLC now owns 120,936 shares of the transportation company’s stock worth $22,897,000 after purchasing an additional 77,548 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Down 1.6%

Shares of Herc stock opened at $119.29 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company has a 50-day moving average of $120.66 and a 200 day moving average of $159.32. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.61 and a beta of 1.88. Herc Holdings Inc. has a 1 year low of $96.19 and a 1 year high of $246.88.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.21). 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 quarter in the previous year, the business earned $2.36 earnings per share. As a group, sell-side analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 2.35%. Herc’s payout ratio is 62.36%.

Analyst Upgrades and Downgrades

HRI has been the subject of several research analyst reports. Barclays dropped their target price on shares of Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $146.00 target price (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Citigroup dropped their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird dropped their target price on shares of Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.20.

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.