5,748 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new position in Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,748 shares of the transportation company’s stock, valued at approximately $1,088,000.

A number of other hedge funds also recently added to or reduced their stakes in HRI. Covestor Ltd raised its holdings in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after acquiring an additional 133 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 270 shares during the period. Truvestments Capital LLC bought a new position in Herc during the third quarter valued at approximately $80,000. KBC Group NV lifted its position in Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 143 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Herc by 564.0% during the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 626 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group increased their price objective on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Herc has an average rating of “Hold” and an average price target of $219.75.

Herc Stock Performance

HRI opened at $143.60 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.61 and a beta of 2.04. The company’s 50 day moving average is $190.84 and its 200 day moving average is $184.83. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88.

Herc (NYSE:HRI) last posted its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The business had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, equities research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.70 dividend. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.95%. Herc’s dividend payout ratio (DPR) is presently 37.79%.

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.