Herc Holdings Inc. $HRI Shares Bought by Tema Etfs LLC

Tema Etfs LLC raised its position in Herc Holdings Inc. (NYSE:HRI) by 61.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,596 shares of the transportation company’s stock after purchasing an additional 12,413 shares during the period. Tema Etfs LLC’s holdings in Herc were worth $4,837,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Herc by 176.9% during the 1st quarter. AQR Capital Management LLC now owns 25,782 shares of the transportation company’s stock valued at $3,462,000 after acquiring an additional 16,470 shares during the period. Goldman Sachs Group Inc. raised its holdings in Herc by 25.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 263,180 shares of the transportation company’s stock worth $35,337,000 after purchasing an additional 53,054 shares during the period. Cetera Investment Advisers acquired a new position in Herc in the 2nd quarter worth about $267,000. JPMorgan Chase & Co. boosted its position in Herc by 21.6% during the second quarter. JPMorgan Chase & Co. now owns 110,659 shares of the transportation company’s stock worth $14,573,000 after purchasing an additional 19,665 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Herc by 16.5% during the second quarter. Legal & General Group Plc now owns 37,981 shares of the transportation company’s stock worth $5,002,000 after purchasing an additional 5,366 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

HRI has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. KeyCorp decreased their target price on Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of Herc from $150.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company increased their price objective on shares of Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.86.

Herc Price Performance

NYSE:HRI opened at $93.86 on Thursday. The stock has a 50 day moving average of $137.48 and a two-hundred day moving average of $138.64. Herc Holdings Inc. has a 12 month low of $93.74 and a 12 month high of $188.35. The firm has a market cap of $3.13 billion, a P/E ratio of -521.46, a price-to-earnings-growth ratio of 13.43 and a beta of 1.81. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 4.17.

Herc (NYSE:HRI) last released its earnings results on Tuesday, February 17th. The transportation company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.The business’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 earnings per share. On average, analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were issued a $0.70 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. Herc’s dividend payout ratio (DPR) is presently -1,555.56%.

About Herc

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.