American Century Companies Inc. Has $151.89 Million Position in Herc Holdings Inc. $HRI

American Century Companies Inc. increased its position in Herc Holdings Inc. (NYSE:HRI) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,301,975 shares of the transportation company’s stock after buying an additional 97,235 shares during the period. American Century Companies Inc. owned 3.91% of Herc worth $151,889,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Harbor Capital Advisors Inc. grew its holdings in Herc by 53.1% during 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. Aster Capital Management DIFC Ltd purchased a new stake in shares of Herc during the 3rd quarter worth approximately $31,000. AlphaQuest LLC grew its stake in shares of Herc by 158.2% during the 2nd quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock worth $48,000 after acquiring an additional 223 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Herc by 114.7% in the second 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 period. Finally, CX Institutional purchased a new position in shares of Herc in the third quarter valued at $86,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Herc in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Herc from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. JPMorgan Chase & Co. increased their target price on Herc from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Barclays upped their price objective on shares of Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, KeyCorp cut their target price on shares of Herc from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.29.

Herc Price Performance

Shares of HRI opened at $139.55 on Monday. The firm has a fifty day simple moving average of $158.81 and a two-hundred day simple moving average of $141.50. The firm has a market cap of $4.66 billion, a PE ratio of -775.28, a P/E/G ratio of 18.85 and a beta of 1.73. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $188.35. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 4.17.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, February 17th. The transportation company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. Herc had a net margin of 0.02% and a return on equity of 13.21%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm earned $3.58 EPS. The business’s revenue for the quarter was up 27.1% compared to the same quarter last year. On average, equities analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Herc’s payout ratio is presently -1,555.56%.

About Herc

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.