Herc Holdings Inc. $HRI Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in shares of Herc Holdings Inc. (NYSE:HRI) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,185 shares of the transportation company’s stock after selling 10,839 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.20% of Herc worth $9,821,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in Herc by 342.1% during the fourth quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock worth $25,000 after acquiring an additional 130 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Herc during the third quarter worth about $31,000. Advisory Services Network LLC acquired a new position in Herc during the third quarter worth about $35,000. Caitong International Asset Management Co. Ltd acquired a new position in Herc during the third quarter worth about $40,000. Finally, NewEdge Advisors LLC grew its holdings in Herc by 628.8% during the third quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock worth $50,000 after acquiring an additional 371 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HRI. Robert W. Baird decreased their price target on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Wells Fargo & Company increased their price target on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Weiss Ratings lowered Herc from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. Finally, KeyCorp decreased their price target on Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $165.67.

Herc Trading Up 3.0%

Shares of NYSE HRI opened at $149.45 on Wednesday. Herc Holdings Inc. has a one year low of $88.45 and a one year high of $188.35. The firm has a market capitalization of $4.99 billion, a PE ratio of -553.50, a PEG ratio of 26.28 and a beta of 1.89. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. The business has a 50-day moving average price of $121.83 and a two-hundred day moving average price of $137.00.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $1.30 EPS. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. As a group, analysts predict that Herc Holdings Inc. will post 5.31 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a yield of 1.9%. Herc’s dividend payout ratio (DPR) is presently -1,037.04%.

Herc Company Profile

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.