Herc Holdings Inc. $HRI Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its holdings in Herc Holdings Inc. (NYSE:HRI) by 27.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,523 shares of the transportation company’s stock after purchasing an additional 1,423 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Herc were worth $859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HRI. Invesco Ltd. increased its position in shares of Herc by 104.7% in the first quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company’s stock valued at $400,995,000 after buying an additional 1,527,244 shares in the last quarter. Coliseum Capital Management LLC increased its position in shares of Herc by 213.4% in the first quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company’s stock valued at $175,892,000 after buying an additional 891,979 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Herc by 362.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 700,402 shares of the transportation company’s stock valued at $92,236,000 after buying an additional 549,072 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Herc by 135.6% in the first quarter. Alliancebernstein L.P. now owns 589,817 shares of the transportation company’s stock valued at $79,195,000 after buying an additional 339,519 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Herc by 200.5% in the first quarter. Ameriprise Financial Inc. now owns 274,915 shares of the transportation company’s stock valued at $36,913,000 after buying an additional 183,433 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Stock Performance

NYSE HRI opened at $126.17 on Thursday. The stock’s fifty day moving average is $125.28 and its two-hundred day moving average is $125.22. The firm has a market capitalization of $4.19 billion, a P/E ratio of 146.71, a price-to-earnings-growth ratio of 1.50 and a beta of 1.81. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.15 and a current ratio of 1.15. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $246.88.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. The company had revenue of $745.00 million for the quarter. Herc had a return on equity of 20.77% and a net margin of 0.61%. On average, research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on HRI shares. JPMorgan Chase & Co. boosted their price objective on Herc from $127.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Robert W. Baird set a $160.00 price target on Herc and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Herc has a consensus rating of “Moderate Buy” and an average price target of $149.20.

About Herc

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.