University of Texas Texas AM Investment Management Co. Purchases Shares of 270 Herc Holdings Inc. $HRI

University of Texas Texas AM Investment Management Co. purchased a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 270 shares of the transportation company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also made changes to their positions in HRI. Larson Financial Group LLC raised its position in shares of Herc by 1,831.3% during the 1st quarter. Larson Financial Group LLC now owns 309 shares of the transportation company’s stock worth $41,000 after acquiring an additional 293 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Herc in the second quarter valued at approximately $45,000. FNY Investment Advisers LLC acquired a new stake in Herc during the second quarter worth approximately $47,000. AlphaQuest LLC lifted its position 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 buying an additional 223 shares during the last quarter. Finally, Caption Management LLC acquired a new position in shares of Herc in the 1st quarter valued at $91,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Up 3.1%

HRI opened at $132.44 on Friday. Herc Holdings Inc. has a 52 week low of $96.18 and a 52 week high of $246.88. The business has a 50 day moving average price of $126.65 and a two-hundred day moving average price of $125.36. 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 company has a market cap of $4.40 billion, a PE ratio of 154.00, a P/E/G ratio of 1.59 and a beta of 1.81.

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

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.80 annualized dividend and a yield of 2.1%. Herc’s payout ratio is currently 325.58%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HRI shares. Wall Street Zen downgraded shares of Herc from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a report on Saturday. Robert W. Baird set a $160.00 price target on Herc and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Citigroup reduced their price objective on Herc from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Finally, Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.20.

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.