BlackRock Inc. lifted its holdings in Herc Holdings Inc. (NYSE:HRI) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,702,303 shares of the transportation company’s stock after purchasing an additional 105,654 shares during the period. BlackRock Inc. owned 5.97% of Herc worth $44,244,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of HRI. Gamco Investors INC. ET AL boosted its holdings in Herc by 10.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 3,892,183 shares of the transportation company’s stock valued at $101,158,000 after purchasing an additional 379,034 shares during the period. Gabelli Funds LLC increased its holdings in shares of Herc by 16.2% during the 4th quarter. Gabelli Funds LLC now owns 1,417,515 shares of the transportation company’s stock worth $36,841,000 after purchasing an additional 197,800 shares during the period. Putnam Investments LLC acquired a new position in shares of Herc during the third quarter valued at about $6,395,000. Schroder Investment Management Group acquired a new position in shares of Herc during the third quarter valued at about $4,164,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Herc by 1,655.6% during the third quarter. Canada Pension Plan Investment Board now owns 81,863 shares of the transportation company’s stock valued at $4,191,000 after buying an additional 77,200 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Herc from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, January 2nd. ValuEngine cut Herc from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Longbow Research began coverage on Herc in a report on Friday, March 29th. They issued a “buy” rating and a $52.00 price target for the company. Finally, TheStreet upgraded Herc from a “d+” rating to a “c-” rating in a research report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.00.
Shares of Herc stock opened at $41.28 on Friday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 24.72 and a beta of 3.03. The company has a debt-to-equity ratio of 3.92, a quick ratio of 1.28 and a current ratio of 1.34. Herc Holdings Inc. has a 52-week low of $24.16 and a 52-week high of $66.37.
Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, February 28th. The transportation company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Herc had a net margin of 3.50% and a return on equity of 11.89%. The company had revenue of $543.70 million during the quarter. Analysts expect that Herc Holdings Inc. will post 3.1 EPS for the current fiscal year.
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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.
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