67,516 Shares in Herc Holdings Inc. $HRI Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 67,516 shares of the transportation company’s stock, valued at approximately $7,876,000. Evergreen Capital Management LLC owned approximately 0.20% of Herc at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Herc by 53.1% in the third quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock worth $29,000 after buying an additional 86 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Herc in the 2nd quarter valued at $36,000. FNY Investment Advisers LLC purchased a new stake in Herc in the 2nd quarter worth $47,000. AlphaQuest LLC boosted its holdings in shares of Herc by 158.2% during the 2nd quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 223 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Herc by 114.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 312 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup boosted their target price on Herc from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen raised Herc from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. KeyCorp set a $200.00 target price on Herc and gave the company an “overweight” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. raised their target price on shares of Herc from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Baird R W raised shares of Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.57.

Herc Stock Performance

NYSE HRI opened at $158.22 on Friday. The company has a market cap of $5.26 billion, a P/E ratio of -62.79, a P/E/G ratio of 1.49 and a beta of 1.78. The business’s 50 day moving average price is $147.16 and its 200-day moving average price is $135.63. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.39. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Herc had a negative net margin of 1.68% and a positive return on equity of 16.32%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.35 earnings per share. Sell-side analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 15th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, December 15th. Herc’s dividend payout ratio is presently -111.11%.

Herc Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.