Royce & Associates LP Trims Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Royce & Associates LP cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 48.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,324 shares of the transportation company’s stock after selling 40,020 shares during the period. Royce & Associates LP owned 0.15% of Herc worth $8,203,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp grew its position in Herc by 878.9% during the 4th 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. grew its holdings in shares of 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 buying an additional 130 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Herc during the 3rd quarter valued at approximately $80,000. Farther Finance Advisors LLC lifted its position in Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after acquiring an additional 117 shares during the period. Finally, KBC Group NV grew its stake in shares of Herc by 20.1% in the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 143 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Performance

NYSE HRI opened at $128.00 on Wednesday. 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 business’s 50 day moving average is $176.39 and its two-hundred day moving average is $184.18. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.61 and a beta of 2.14. 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 (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). The business had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. Research analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.19%. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is currently 37.79%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their price target on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Herc currently has an average rating of “Hold” and a consensus price target of $219.75.

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.