Swiss National Bank Has $10.04 Million Holdings in Herc Holdings Inc. (NYSE:HRI)

Swiss National Bank boosted its position in Herc Holdings Inc. (NYSE:HRI) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 53,046 shares of the transportation company’s stock after buying an additional 400 shares during the quarter. Swiss National Bank’s holdings in Herc were worth $10,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Argent Capital Management LLC boosted its holdings in Herc by 38.2% in the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after buying an additional 1,910 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Herc during the 4th quarter valued at $5,377,000. State Street Corp grew its holdings in shares of Herc by 0.5% during the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after purchasing an additional 3,006 shares during the last quarter. TT International Asset Management LTD grew its holdings in shares of Herc by 324.6% during the 3rd quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock valued at $2,287,000 after purchasing an additional 10,967 shares during the last quarter. Finally, Motley Fool Wealth Management LLC grew its holdings in Herc by 26.4% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock worth $13,211,000 after acquiring an additional 17,315 shares during the last quarter. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

Shares of NYSE HRI opened at $135.09 on Friday. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 12-month low of $119.60 and a 12-month high of $246.88. The firm has a 50 day moving average of $174.48 and a 200 day moving average of $183.49. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI) last released 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). Herc had a return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. On average, research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.07%. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is currently 37.79%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their target price on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $211.50.

Herc Company 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.