2 days Ago By ABMN Staff
Russell Investments Group Ltd. lessened its stake in shares of Herc Holdings Inc. ( NYSE:HRI – Free Report ) by 22.
9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,196 shares of the transportation company’s stock after selling 6,605 shares during the quarter. Russell Investments Group Ltd.
owned about 0.08% of Herc worth $4,202,000 at the end of the most recent quarter. Other hedge funds have also recently modified their holdings of the company.
Jones Financial Companies Lllp raised its position in Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after buying an additional 167 shares during the last quarter.
Nomura Asset Management Co. Ltd. boosted its holdings in Herc by 53.
3% in the 4th quarter. Nomura Asset Management Co. Ltd.
now owns 230 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 80 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Herc by 54.
6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock worth $70,000 after purchasing an additional 130 shares during the period.
Farther Finance Advisors LLC increased its position in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after purchasing an additional 117 shares during the period.
Finally, Venturi Wealth Management LLC raised its stake in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after buying an additional 626 shares in the last quarter.
93.11% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes HRI has been the subject of a number of recent analyst reports.
JPMorgan Chase & Co. reduced their target price on Herc from $225.00 to $140.
00 and set a “neutral” rating for the company in a report on Monday. The Goldman Sachs Group decreased their price objective on shares of Herc from $234.00 to $201.
00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Finally, Citigroup decreased their price target on Herc from $165.00 to $140.
00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.
com, Herc has a consensus rating of “Moderate Buy” and an average price target of $177.20. Herc Stock Performance Shares of HRI opened at $117.
48 on Wednesday. Herc Holdings Inc. has a 12-month low of $109.
39 and a 12-month high of $246.88. The stock has a market cap of $3.
35 billion, a P/E ratio of 15.85, a PEG ratio of 1.61 and a beta of 1.
93. The company has a current ratio of 1.38, a quick ratio of 1.
38 and a debt-to-equity ratio of 2.99. The company has a 50-day moving average of $145.
11 and a two-hundred day moving average of $181.17. Herc ( NYSE:HRI – Get Free Report ) last posted its earnings results on Thursday, February 13th.
The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.
40). The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.
84 million. Herc had a net margin of 5.91% and a return on equity of 26.
48%. As a group, research analysts predict that Herc Holdings Inc. will post 12.
84 EPS for the current fiscal year. Herc Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.
70 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.
80 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Herc’s previous quarterly dividend of $0.
67. Herc’s dividend payout ratio (DPR) is presently 37.79%.
About Herc ( Free Report ) 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. Further Reading Receive News & Ratings for Herc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc and related companies with MarketBeat.
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