3,945 Shares in Herc Holdings Inc. (NYSE:HRI) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in Herc Holdings Inc. (NYSE:HRI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,945 shares of the transportation company’s stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its stake in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after purchasing an additional 167 shares during the last quarter. Quarry LP raised its holdings in Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company’s stock worth $42,000 after purchasing an additional 194 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Herc by 53.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after buying an additional 80 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Herc during the 4th quarter worth approximately $59,000. Finally, PNC Financial Services Group Inc. grew 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 buying an additional 130 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of HRI stock opened at $133.00 on Thursday. The stock’s 50-day moving average price is $128.56 and its 200 day moving average price is $146.16. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.04. The stock has a market capitalization of $3.79 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 1.73 and a beta of 1.86. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a return on equity of 24.10% and a net margin of 3.53%. The company had revenue of $861.00 million for the quarter, compared to analysts’ expectations of $841.67 million. During the same quarter last year, the company earned $2.36 EPS. As a group, equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, May 30th. Herc’s dividend payout ratio (DPR) is presently 62.36%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Herc in a research report on Tuesday, June 24th. Robert W. Baird reduced their target price on Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Barclays decreased their target price on 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. cut their price target on Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Herc 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.