Herc Holdings Inc. $HRI Stock Holdings Lowered by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its position in shares of Herc Holdings Inc. (NYSE:HRI) by 9.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 67,325 shares of the transportation company’s stock after selling 6,967 shares during the period. Motley Fool Wealth Management LLC’s holdings in Herc were worth $8,866,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Herc by 3.1% during the first quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company’s stock worth $424,726,000 after acquiring an additional 96,329 shares during the last quarter. Invesco Ltd. grew its position in shares of Herc by 104.7% during the first quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company’s stock worth $400,995,000 after acquiring an additional 1,527,244 shares during the last quarter. Coliseum Capital Management LLC grew its position in shares of Herc by 213.4% during the first quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company’s stock worth $175,892,000 after acquiring an additional 891,979 shares during the last quarter. American Century Companies Inc. grew its position in shares of Herc by 14.9% during the first quarter. American Century Companies Inc. now owns 933,208 shares of the transportation company’s stock worth $125,302,000 after acquiring an additional 120,938 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Herc by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 825,120 shares of the transportation company’s stock worth $110,796,000 after acquiring an additional 92,019 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Shares of NYSE HRI opened at $133.87 on Tuesday. Herc Holdings Inc. has a twelve month low of $96.18 and a twelve month high of $246.88. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 155.66, a PEG ratio of 1.59 and a beta of 1.81. The firm has a 50-day moving average of $126.83 and a two-hundred day moving average of $125.37.

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

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 22nd. Herc’s dividend payout ratio is presently 325.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HRI. Wall Street Zen lowered shares of Herc from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Herc from $127.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Citigroup decreased their target price on shares of Herc from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Baird R W upgraded shares of Herc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Herc has a consensus rating of “Moderate Buy” and an average target price of $149.20.

About Herc

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.