US Bancorp DE Sells 374 Shares of Herc Holdings Inc. (NYSE:HRI)

US Bancorp DE lowered its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 28.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 929 shares of the transportation company’s stock after selling 374 shares during the quarter. US Bancorp DE’s holdings in Herc were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors increased its position in Herc by 435.8% during 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 period. Capital International Investors increased its position in shares of Herc by 58.9% during the fourth quarter. Capital International Investors now owns 561,377 shares of the transportation company’s stock valued at $106,286,000 after purchasing an additional 208,158 shares during the period. First Trust Advisors LP increased its position in shares of Herc by 53.2% during the fourth quarter. First Trust Advisors LP now owns 418,509 shares of the transportation company’s stock valued at $79,236,000 after purchasing an additional 145,381 shares during the period. Coliseum Capital Management LLC increased its position in shares of Herc by 6.6% during the fourth quarter. Coliseum Capital Management LLC now owns 418,010 shares of the transportation company’s stock valued at $79,142,000 after purchasing an additional 25,882 shares during the period. Finally, Electron Capital Partners LLC increased its position in shares of Herc by 0.4% during the fourth quarter. Electron Capital Partners LLC now owns 340,949 shares of the transportation company’s stock valued at $64,552,000 after purchasing an additional 1,402 shares during the period. Institutional investors own 93.11% of the company’s stock.

Herc Trading Down 0.6%

Shares of HRI opened at $125.10 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37. Herc Holdings Inc. has a 12-month low of $96.18 and a 12-month high of $246.88. The firm has a market capitalization of $4.16 billion, a PE ratio of 145.47, a price-to-earnings-growth ratio of 1.47 and a beta of 1.86. The stock’s fifty day simple moving average is $127.89 and its 200-day simple moving average is $135.26.

Herc (NYSE:HRI) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.58. Herc had a return on equity of 20.77% and a net margin of 0.61%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $868.23 million. As a group, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.80 annualized dividend and a yield of 2.2%. Herc’s dividend payout ratio is presently 325.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HRI shares. The Goldman Sachs Group restated a “buy” rating and set a $146.00 price objective (down from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Citigroup reduced their price objective on Herc from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Robert W. Baird reduced their price objective on Herc from $142.00 to $137.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Finally, Barclays cut their price target on Herc from $250.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.60.

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.