Avitas Wealth Management LLC Trims Stock Position in Herc Holdings Inc. (NYSE:HRI)

Avitas Wealth Management LLC lessened its stake in Herc Holdings Inc. (NYSE:HRI) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,357 shares of the transportation company’s stock after selling 113 shares during the period. Avitas Wealth Management LLC’s holdings in Herc were worth $825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HRI. FMR LLC lifted its holdings in Herc by 8.3% in the third quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after acquiring an additional 56,191 shares during the period. State Street Corp increased its holdings in shares of Herc by 0.5% during the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after purchasing an additional 3,006 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Herc by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock valued at $101,589,000 after purchasing an additional 6,874 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Herc by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock worth $63,011,000 after buying an additional 23,411 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in Herc during the fourth quarter valued at $71,211,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Up 3.7 %

HRI opened at $204.47 on Wednesday. The company has a market cap of $5.81 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.06 and a beta of 2.04. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The company has a 50-day moving average price of $202.88 and a 200 day moving average price of $179.63. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.665 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.30%. Herc’s payout ratio is currently 21.75%.

Wall Street Analyst Weigh In

HRI has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $219.75.

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.