FNY Investment Advisers LLC Makes New $47,000 Investment in Herc Holdings Inc. $HRI

FNY Investment Advisers LLC 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 360 shares of the transportation company’s stock, valued at approximately $47,000.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in 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 buying an additional 293 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in Herc during the 2nd quarter worth about $45,000. Caption Management LLC purchased a new stake in Herc during the 1st quarter worth about $91,000. New Age Alpha Advisors LLC purchased a new stake in Herc during the 1st quarter worth about $118,000. Finally, CWM LLC lifted its holdings in Herc by 114.4% during the 1st quarter. CWM LLC now owns 1,042 shares of the transportation company’s stock worth $140,000 after buying an additional 556 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Performance

Shares of HRI stock opened at $128.53 on Friday. The stock has a market capitalization of $4.27 billion, a PE ratio of 149.45, a price-to-earnings-growth ratio of 1.57 and a beta of 1.81. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The stock’s 50-day moving average price is $126.51 and its 200 day moving average price is $125.12. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37.

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

Herc Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Herc from $127.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Citigroup reduced their target price on Herc from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. 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 issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Herc currently 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.