Covestor Ltd Sells 157 Shares of Herc Holdings Inc. (NYSE:HRI)

Covestor Ltd cut its holdings in Herc Holdings Inc. (NYSE:HRI) by 48.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165 shares of the transportation company’s stock after selling 157 shares during the quarter. Covestor Ltd’s holdings in Herc were worth $32,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Arizona State Retirement System increased its stake in Herc by 0.9% in the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company’s stock valued at $1,482,000 after purchasing an additional 68 shares in the last quarter. Stifel Financial Corp raised its stake in Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock worth $322,000 after buying an additional 80 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after acquiring an additional 80 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in Herc by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company’s stock valued at $4,000,000 after acquiring an additional 90 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Citigroup decreased their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.20.

Herc Stock Performance

Shares of HRI stock opened at $117.48 on Wednesday. Herc Holdings Inc. has a one year low of $109.39 and a one year high of $246.88. The company has a market cap of $3.35 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.61 and a beta of 1.93. The firm has a 50-day moving average of $145.11 and a 200-day moving average of $181.17. 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 (NYSE:HRI) last posted its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. Equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is 37.79%.

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.