NEOS Investment Management LLC Raises Holdings in Herc Holdings Inc. (NYSE:HRI)

NEOS Investment Management LLC grew its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,369 shares of the transportation company’s stock after acquiring an additional 4,161 shares during the quarter. NEOS Investment Management LLC owned about 0.08% of Herc worth $4,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HRI. Argent Capital Management LLC raised its holdings in shares of Herc by 38.2% in the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after buying an additional 1,910 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Herc in the 4th quarter worth $5,377,000. State Street Corp grew its stake in 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 during the last quarter. TT International Asset Management LTD increased its holdings in shares of Herc by 324.6% in the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock valued at $2,287,000 after purchasing an additional 10,967 shares during the period. Finally, Motley Fool Wealth Management LLC raised its stake in shares of Herc by 26.4% in the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock worth $13,211,000 after purchasing an additional 17,315 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HRI. Citigroup initiated coverage on Herc in a research report on Monday. They issued a “buy” rating and a $165.00 target price on the stock. The Goldman Sachs Group cut their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Herc has a consensus rating of “Moderate Buy” and an average target price of $202.20.

Herc Price Performance

Shares of NYSE HRI opened at $139.50 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.61 and a beta of 2.14. The firm’s 50 day simple moving average is $169.18 and its 200-day simple moving average is $183.57. Herc Holdings Inc. has a 12 month low of $119.60 and a 12 month high of $246.88.

Herc (NYSE:HRI) last released its quarterly earnings data 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 firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. Analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.01%. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is currently 37.79%.

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.