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

Hantz Financial Services Inc. reduced its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,840 shares of the transportation company’s stock after selling 138 shares during the period. Hantz Financial Services Inc.’s holdings in Herc were worth $538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV boosted its stake in shares of Herc by 34.7% in the fourth quarter. KBC Group NV now owns 1,150 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 296 shares during the period. Eagle Wealth Strategies LLC purchased a new position in Herc in the 4th quarter valued at about $235,000. Atomi Financial Group Inc. grew its stake in shares of Herc by 43.8% during the fourth quarter. Atomi Financial Group Inc. now owns 1,970 shares of the transportation company’s stock valued at $373,000 after acquiring an additional 600 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Herc during the fourth quarter worth about $71,211,000. Finally, Hennessy Advisors Inc. acquired a new position in shares of Herc in the fourth quarter worth about $62,982,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays upped their price target on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a 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 stock. According to MarketBeat, Herc has a consensus rating of “Hold” and a consensus price target of $219.75.

Herc Stock Performance

Shares of HRI opened at $203.92 on Friday. The stock has a market capitalization of $5.79 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.05 and a beta of 2.06. The business’s fifty day moving average price is $203.89 and its 200 day moving average price is $178.48. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, December 16th. Herc’s dividend payout ratio (DPR) is presently 21.75%.

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.