Intech Investment Management LLC Boosts Stake in Herc Holdings Inc. (NYSE:HRI)

Intech Investment Management LLC raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 87.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,767 shares of the transportation company’s stock after buying an additional 5,488 shares during the quarter. Intech Investment Management LLC’s holdings in Herc were worth $2,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after purchasing an additional 167 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock worth $70,000 after purchasing an additional 130 shares during the last quarter. Truvestments Capital LLC bought a new stake in Herc during the third quarter worth about $80,000. Farther Finance Advisors LLC lifted its stake in Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after purchasing an additional 117 shares during the last quarter. Finally, KBC Group NV lifted its stake in Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock worth $136,000 after purchasing an additional 143 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Trading Up 1.8 %

NYSE HRI opened at $135.09 on Friday. Herc Holdings Inc. has a 1-year low of $119.60 and a 1-year high of $246.88. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a 50-day moving average of $174.48 and a 200-day moving average of $183.49. The firm has a market cap of $3.84 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14.

Herc (NYSE:HRI) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. As a group, sell-side analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is 37.79%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group dropped their price target on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $211.50.

Herc 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.