Lido Advisors LLC trimmed its position in Herc Holdings Inc. (NYSE:HRI – Free Report) by 59.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,118 shares of the transportation company’s stock after selling 4,492 shares during the period. Lido Advisors LLC’s holdings in Herc were worth $310,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of Herc by 342.1% during the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Herc in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Herc in the third quarter valued at approximately $40,000. NewEdge Advisors LLC grew its holdings in shares of Herc by 628.8% in the third quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 371 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Herc by 50.2% during the fourth 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. Hedge funds and other institutional investors own 93.11% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Herc from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. BNP Paribas Exane upped their price objective on Herc from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded Herc from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Citigroup boosted their price target on shares of Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Herc currently has a consensus rating of “Moderate Buy” and an average target price of $177.00.
Herc Trading Up 2.9%
Shares of HRI stock opened at $150.22 on Friday. The company has a 50 day moving average of $144.75 and a 200-day moving average of $136.77. The company has a quick ratio of 1.46, a current ratio of 1.10 and a debt-to-equity ratio of 4.22. Herc Holdings Inc. has a 12-month low of $88.45 and a 12-month high of $188.35. The firm has a market cap of $5.02 billion, a P/E ratio of 102.19, a PEG ratio of 27.26 and a beta of 1.88.
Herc (NYSE:HRI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.76 by $0.67. Herc had a return on equity of 10.33% and a net margin of 1.01%.The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $1.87 earnings per share. Herc’s revenue for the quarter was up 20.2% on a year-over-year basis. Sell-side analysts anticipate that Herc Holdings Inc. will post 6.93 earnings per share for the current year.
Herc Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.70 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.80 annualized dividend and a dividend yield of 1.9%. Herc’s payout ratio is presently 190.48%.
Herc Company Profile
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.
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