Nisa Investment Advisors LLC Has $293,000 Stock Position in Herc Holdings Inc. $HRI

Nisa Investment Advisors LLC lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 108.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,226 shares of the transportation company’s stock after purchasing an additional 1,160 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Herc were worth $293,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Xponance Inc. lifted its stake in Herc by 5.1% during the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company’s stock worth $298,000 after purchasing an additional 107 shares during the last quarter. Midwest Financial Group LLC raised its stake in shares of Herc by 12.5% during the second quarter. Midwest Financial Group LLC now owns 1,803 shares of the transportation company’s stock valued at $237,000 after acquiring an additional 200 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in Herc by 10.5% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,215 shares of the transportation company’s stock worth $292,000 after purchasing an additional 210 shares during the last quarter. AlphaQuest LLC raised its position in shares of Herc by 158.2% during the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock worth $48,000 after acquiring an additional 223 shares during the last quarter. Finally, Bailard Inc. raised its holdings in Herc by 7.0% during the 1st quarter. Bailard Inc. now owns 3,947 shares of the transportation company’s stock worth $530,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Down 4.2%

Herc stock opened at $136.13 on Tuesday. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of -54.02, a P/E/G ratio of 1.71 and a beta of 1.81. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $246.88. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 4.28. The firm has a 50 day simple moving average of $128.25 and a 200 day simple moving average of $126.21.

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

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date was Friday, August 22nd. Herc’s payout ratio is -111.11%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HRI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Herc from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Citigroup increased their price objective on shares of Herc from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.20.

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.