Herc Holdings Inc. (NYSE:HRI) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in Herc Holdings Inc. (NYSE:HRI) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,546 shares of the transportation company’s stock after selling 11,421 shares during the period. Prudential Financial Inc. owned about 0.14% of Herc worth $7,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HRI. Charles Schwab Investment Management Inc. boosted its holdings in Herc by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock valued at $63,011,000 after purchasing an additional 23,411 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Herc by 191.1% in the third quarter. Citigroup Inc. now owns 27,858 shares of the transportation company’s stock valued at $4,441,000 after buying an additional 18,289 shares in the last quarter. FMR LLC grew its holdings in Herc by 8.3% during the third quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock worth $117,470,000 after acquiring an additional 56,191 shares during the period. Townsquare Capital LLC purchased a new position in Herc in the third quarter worth $367,000. Finally, Bridgewater Associates LP lifted its holdings in Herc by 461.2% in the third quarter. Bridgewater Associates LP now owns 23,922 shares of the transportation company’s stock valued at $3,814,000 after acquiring an additional 19,659 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

Shares of NYSE HRI opened at $138.91 on Friday. 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 company’s 50-day moving average price is $167.84 and its 200 day moving average price is $183.96. Herc Holdings Inc. has a 52 week low of $119.60 and a 52 week high of $246.88. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.61 and a beta of 2.14.

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

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s payout ratio is 37.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target 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. Citigroup assumed coverage on shares of Herc in a research report on Monday, March 24th. They set a “buy” rating and a $165.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.20.

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.