Oak Ridge Investments LLC Decreases Stake in Herc Holdings Inc. $HRI

Oak Ridge Investments LLC lowered its position in Herc Holdings Inc. (NYSE:HRI) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,346 shares of the transportation company’s stock after selling 851 shares during the quarter. Oak Ridge Investments LLC’s holdings in Herc were worth $2,416,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HRI. Handelsbanken Fonder AB increased its holdings in Herc by 8.0% in the 1st quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company’s stock worth $907,000 after acquiring an additional 500 shares during the last quarter. Vista Finance LLC increased its holdings in Herc by 8.0% in the 1st quarter. Vista Finance LLC now owns 1,590 shares of the transportation company’s stock worth $213,000 after acquiring an additional 118 shares during the last quarter. Midwest Financial Group LLC increased its holdings in Herc by 21.4% in the 1st quarter. Midwest Financial Group LLC now owns 1,603 shares of the transportation company’s stock worth $215,000 after acquiring an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Herc in the 1st quarter worth about $11,259,000. Finally, Cannon Global Investment Management LLC increased its holdings in Herc by 33.3% in the 1st quarter. Cannon Global Investment Management LLC now owns 2,000 shares of the transportation company’s stock worth $269,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HRI shares. Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Citigroup reduced their target price on Herc from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a report on Wednesday. Finally, Robert W. Baird set a $160.00 target price on Herc and gave the company an “outperform” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.20.

Herc Stock Down 3.2%

Shares of NYSE HRI opened at $117.85 on Friday. Herc Holdings Inc. has a 12 month low of $96.18 and a 12 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 firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 137.03, a PEG ratio of 1.38 and a beta of 1.81. The business has a 50-day moving average of $124.72 and a 200-day moving average of $125.42.

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

Herc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a $0.70 dividend. The ex-dividend date was Friday, August 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 2.4%. Herc’s payout ratio is presently 325.58%.

Herc Company Profile

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.