Proficio Capital Partners LLC Takes Position in Herc Holdings Inc. (NYSE:HRI)

Proficio Capital Partners LLC bought a new stake in shares of Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,400 shares of the transportation company’s stock, valued at approximately $5,377,000. Proficio Capital Partners LLC owned approximately 0.10% of Herc as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Chartwell Investment Partners LLC boosted its position in shares of Herc by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock valued at $1,275,000 after purchasing an additional 65 shares in the last quarter. MQS Management LLC lifted its stake in Herc by 3.8% during the third quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 71 shares during the last quarter. Stifel Financial Corp boosted its holdings in Herc by 4.1% during the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock worth $322,000 after buying an additional 80 shares in the last quarter. Salem Investment Counselors Inc. grew its position in Herc by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company’s stock worth $4,000,000 after buying an additional 90 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Herc Stock Performance

Shares of HRI opened at $135.35 on Tuesday. The company has a 50-day moving average of $189.76 and a two-hundred day moving average of $185.20. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.61 and a beta of 2.04. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88.

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

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.07%. Herc’s payout ratio is currently 37.79%.

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.