Vaughan Nelson Investment Management L.P. Sells 9,715 Shares of Herc Holdings Inc. (NYSE:HRI)

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 216,065 shares of the transportation company’s stock after selling 9,715 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Herc were worth $40,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HRI. Creative Planning boosted its position in shares of Herc by 5.3% in the second quarter. Creative Planning now owns 6,768 shares of the transportation company’s stock valued at $902,000 after acquiring an additional 338 shares during the period. GAMMA Investing LLC increased its holdings in shares of Herc by 704.2% in the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after buying an additional 338 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of Herc in the 3rd quarter valued at about $218,000. nVerses Capital LLC purchased a new stake in Herc during the 3rd quarter valued at about $159,000. Finally, Jade Capital Advisors LLC bought a new position in Herc during the 3rd quarter worth approximately $3,189,000. Institutional investors own 93.11% of the company’s stock.

Herc Stock Down 2.1 %

Shares of HRI stock opened at $205.01 on Friday. The company has a 50 day simple moving average of $200.92 and a two-hundred day simple moving average of $180.85. The stock has a market cap of $5.82 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.08 and a beta of 2.04. Herc Holdings Inc. has a 12 month low of $124.70 and a 12 month high of $246.88. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.70 dividend. This is a boost from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is currently 21.75%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their price target on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays boosted their price objective on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.