Herc Holdings Inc. $HRI Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Herc Holdings Inc. (NYSE:HRI) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,955 shares of the transportation company’s stock after purchasing an additional 883 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Herc were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Herc by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company’s stock valued at $424,726,000 after purchasing an additional 96,329 shares during the last quarter. Invesco Ltd. raised its stake in Herc by 104.7% in the 1st quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company’s stock valued at $400,995,000 after purchasing an additional 1,527,244 shares during the last quarter. Coliseum Capital Management LLC grew its holdings in Herc by 213.4% in the 1st 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. American Century Companies Inc. grew its holdings in Herc by 14.9% in the 1st quarter. American Century Companies Inc. now owns 933,208 shares of the transportation company’s stock valued at $125,302,000 after buying an additional 120,938 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Herc by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 825,120 shares of the transportation company’s stock valued at $110,796,000 after buying an additional 92,019 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Performance

NYSE HRI opened at $129.41 on Wednesday. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $246.88. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 150.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.81. The business has a fifty day moving average of $126.44 and a 200-day moving average of $125.02. 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 (NYSE:HRI) last announced its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 EPS for the quarter. The business had revenue of $745.00 million during the quarter. Herc had a return on equity of 20.77% and a net margin of 0.61%. As a group, analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Robert W. Baird set a $160.00 target price on Herc and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their target price on Herc from $127.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.20.

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.