Whitebox Advisors LLC lifted its position in shares of Herc Holdings Inc. (NYSE:HRI – Free Report) by 45.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,130 shares of the transportation company’s stock after buying an additional 3,800 shares during the quarter. Whitebox Advisors LLC’s holdings in Herc were worth $1,208,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. UBS Group AG lifted its position in shares of Herc by 83.2% in the fourth quarter. UBS Group AG now owns 189,925 shares of the transportation company’s stock valued at $28,181,000 after acquiring an additional 86,282 shares in the last quarter. Pier Capital LLC boosted its stake in shares of Herc by 21.2% in the fourth quarter. Pier Capital LLC now owns 69,196 shares of the transportation company’s stock worth $10,267,000 after acquiring an additional 12,114 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Herc during the fourth quarter worth about $2,098,000. Allspring Global Investments Holdings LLC grew its position in shares of Herc by 27.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,851 shares of the transportation company’s stock worth $15,669,000 after purchasing an additional 22,367 shares in the last quarter. Finally, Norges Bank bought a new stake in Herc during the 4th quarter valued at approximately $287,269,000. Institutional investors own 93.11% of the company’s stock.
Herc Price Performance
NYSE:HRI opened at $162.33 on Monday. 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 $5.42 billion, a P/E ratio of -601.21, a P/E/G ratio of 29.52 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. The business’s 50-day moving average is $142.83 and its 200 day moving average is $137.13.
Herc Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Herc’s dividend payout ratio is -1,037.04%.
Analyst Ratings Changes
HRI has been the topic of a number of research analyst reports. BNP Paribas Exane began coverage on Herc in a report on Monday, June 29th. They issued a “neutral” rating and a $160.00 price target on the stock. Weiss Ratings raised shares of Herc from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their price objective on shares of Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Citigroup boosted their target price on shares of Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Herc from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.43.
View Our Latest Stock Analysis on HRI
About Herc
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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