Ethic Inc. Increases Stake in Herc Holdings Inc. $HRI

Ethic Inc. increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 36.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,095 shares of the transportation company’s stock after purchasing an additional 561 shares during the period. Ethic Inc.’s holdings in Herc were worth $275,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Herc by 1,831.3% during the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company’s stock worth $41,000 after purchasing an additional 293 shares during the period. Byrne Asset Management LLC acquired a new stake in Herc during the 2nd quarter worth $45,000. FNY Investment Advisers LLC acquired a new stake in Herc during the 2nd quarter worth $47,000. Caption Management LLC acquired a new stake in Herc during the 1st quarter worth $91,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Herc during the 1st quarter worth $118,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Performance

Shares of HRI opened at $137.86 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 4.28. The company has a 50-day simple moving average of $127.92 and a 200-day simple moving average of $125.79. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The company has a market capitalization of $4.58 billion, a PE ratio of -54.70, a P/E/G ratio of 1.71 and a beta of 1.81.

Herc (NYSE:HRI) last posted its earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. Herc had a negative net margin of 1.68% and a positive return on equity of 16.32%. The firm had revenue of $745.00 million during the quarter. Equities research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, August 22nd. Herc’s dividend payout ratio (DPR) is -111.11%.

Analyst Ratings Changes

A number of analysts recently weighed in on HRI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Herc from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Citigroup raised their target price on shares of Herc from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research upgraded shares of Herc from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Finally, Robert W. Baird set a $200.00 target price on shares of Herc in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Herc presently has a consensus rating of “Moderate Buy” and an average price target of $163.20.

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.