Handelsbanken Fonder AB Purchases 500 Shares of Herc Holdings Inc. (NYSE:HRI)

Handelsbanken Fonder AB raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,758 shares of the transportation company’s stock after purchasing an additional 500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Herc were worth $907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System lifted its holdings in shares of Herc by 0.9% in the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company’s stock valued at $1,482,000 after purchasing an additional 68 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after buying an additional 80 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Herc by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,945 shares of the transportation company’s stock valued at $558,000 after acquiring an additional 94 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after acquiring an additional 117 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock worth $70,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays dropped their target price on shares of Herc from $250.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on 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 reissued a “buy” rating and issued a $146.00 price objective (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Robert W. Baird decreased their target price on Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Finally, Citigroup cut their price target on shares of Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.20.

Herc Stock Down 4.8%

Shares of NYSE HRI opened at $113.52 on Monday. 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 $3.23 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.61 and a beta of 1.88. Herc Holdings Inc. has a 52 week low of $96.19 and a 52 week high of $246.88. The business has a 50-day simple moving average of $120.69 and a two-hundred day simple moving average of $157.51.

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

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.47%. Herc’s dividend payout ratio (DPR) is currently 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.