Channing Capital Management LLC Cuts Stake in Herc Holdings Inc. $HRI

Channing Capital Management LLC reduced its position in Herc Holdings Inc. (NYSE:HRI) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,552 shares of the transportation company’s stock after selling 5,629 shares during the quarter. Herc accounts for approximately 1.9% of Channing Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Channing Capital Management LLC owned approximately 1.84% of Herc worth $71,460,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC purchased a new position in shares of Herc in the 3rd quarter valued at $7,876,000. SG Americas Securities LLC boosted its position in Herc by 397.5% during the third quarter. SG Americas Securities LLC now owns 8,373 shares of the transportation company’s stock valued at $977,000 after purchasing an additional 6,690 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Herc by 15.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 80,484 shares of the transportation company’s stock valued at $9,685,000 after purchasing an additional 11,032 shares during the last quarter. Ellsworth Advisors LLC bought a new position in Herc in the third quarter worth about $2,291,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Herc during the second quarter valued at about $395,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Trading Up 6.4%

NYSE:HRI opened at $152.79 on Friday. The company has a market capitalization of $5.10 billion, a P/E ratio of -848.84, a PEG ratio of 22.28 and a beta of 1.77. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 4.17. Herc Holdings Inc. has a 12 month low of $96.18 and a 12 month high of $188.35. The firm has a fifty day simple moving average of $159.79 and a 200-day simple moving average of $140.34.

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

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.8%. Herc’s payout ratio is -1,555.56%.

Analysts Set New Price Targets

HRI has been the topic of a number of analyst reports. Robert W. Baird cut their price objective on shares of Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Herc from $170.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Citigroup decreased their price objective on Herc from $195.00 to $185.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research report on Thursday, January 22nd. Finally, KeyCorp reduced their target price on Herc from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.29.

Key Herc News

Here are the key news stories impacting Herc this week:

• Positive Sentiment: KeyCorp kept an Overweight rating and a $190 price target and slightly raised its Q4 2026 EPS estimate — that endorsement and target above current levels supports investor optimism. MarketBeat HRI
• Positive Sentiment: Market coverage noted HRI among stocks trading up today, which can drive short‑term momentum and higher intraday volume. Yahoo Finance: WillScot Mobile Mini, Sterling, Herc…
• Neutral Sentiment: Herc presented at Citi’s Global Industrial Tech & Mobility Conference — the transcript increases investor access to management commentary and strategy, which is useful but not an immediate earnings driver. Seeking Alpha transcript
• Negative Sentiment: KeyCorp cut near‑term and full‑year 2026 EPS forecasts (Q1, Q3 and FY reductions) even as it raised Q4 — lower near‑term estimates could pressure expectations if the business mix or seasonality is weaker than hoped. MarketBeat HRI
• Negative Sentiment: Several brokers trimmed price targets recently (Citigroup to $185 and Robert W. Baird reduced its target as well), signaling some analyst caution despite buy ratings — these cuts temper upside for the stock. Benzinga / Citigroup note AmericanBankingNews: Baird

Herc Company 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.