Granite Investment Partners LLC Purchases New Stake in Herc Holdings Inc. $HRI

Posted by Brenda Bartman on Jul 10th, 2026

Granite Investment Partners LLC acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI – Free Report) during the first quarter, HoldingsChannel.com reports. The firm acquired 23,416 shares of the transportation company’s stock, valued at approximately $2,331,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in Herc by 342.1% in the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock valued at $25,000 after buying an additional 130 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Herc in the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Herc during the 3rd quarter worth $40,000. NewEdge Advisors LLC raised its holdings in shares of Herc by 628.8% during the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock worth $50,000 after acquiring an additional 371 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Herc by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Up 3.4%

Shares of NYSE:HRI opened at $144.86 on Friday. The business has a 50-day moving average price of $139.12 and a 200 day moving average price of $137.34. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -536.51, a PEG ratio of 25.36 and a beta of 1.88. Herc Holdings Inc. has a 12-month low of $88.45 and a 12-month high of $188.35.

Herc (NYSE:HRI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.42. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $1.30 EPS. Herc’s revenue was up 32.3% on a year-over-year basis. Sell-side analysts expect that Herc Holdings Inc. will post 5.31 EPS for the current year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Herc’s payout ratio is -1,037.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HRI. KeyCorp dropped their price objective on shares of Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Zacks Research raised shares of Herc from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Weiss Ratings downgraded shares of Herc from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Wells Fargo & Company boosted their target price on shares of Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, BNP Paribas Exane began coverage on shares of Herc in a research note on Monday, June 29th. They issued a “neutral” rating and a $160.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Herc currently has an average rating of “Hold” and an average price target of $164.86.

Read Our Latest Research Report on HRI

Herc Profile

(Free Report)

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.