Johnson Investment Counsel Inc. Buys 210 Shares of Herc Holdings Inc. $HRI

Johnson Investment Counsel Inc. lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,215 shares of the transportation company’s stock after purchasing an additional 210 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Herc were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of Herc by 5.1% in the 1st quarter. Xponance Inc. now owns 2,223 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 107 shares during the last quarter. Midwest Financial Group LLC boosted its stake in shares of Herc by 12.5% in the 2nd quarter. Midwest Financial Group LLC now owns 1,803 shares of the transportation company’s stock valued at $237,000 after purchasing an additional 200 shares during the last quarter. Bailard Inc. boosted its stake in shares of Herc by 7.0% in the 1st quarter. Bailard Inc. now owns 3,947 shares of the transportation company’s stock valued at $530,000 after purchasing an additional 259 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Herc by 1,831.3% in the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 293 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Herc in the 2nd quarter valued at $45,000. 93.11% of the stock is owned by institutional investors.

Herc Stock Down 1.4%

Herc stock opened at $126.17 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37. The firm’s fifty day moving average is $125.28 and its 200 day moving average is $125.22. Herc Holdings Inc. has a 12-month low of $96.18 and a 12-month high of $246.88. The company has a market capitalization of $4.19 billion, a PE ratio of 146.71, a PEG ratio of 1.50 and a beta of 1.81.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. Herc had a net margin of 0.61% and a return on equity of 20.77%. The firm had revenue of $745.00 million for the quarter. As a group, sell-side analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.70 dividend. The ex-dividend date was Friday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 2.2%. Herc’s dividend payout ratio is presently 325.58%.

Wall Street Analysts Forecast Growth

HRI has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Herc from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Baird R W raised shares of Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Herc from $127.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday. Robert W. Baird set a $160.00 price objective on shares of Herc and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.20.

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.