Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,360 shares of the transportation company’s stock after purchasing an additional 2,746 shares during the quarter. Motley Fool Asset Management LLC owned about 0.17% of Herc worth $9,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Herc by 0.9% in the 4th quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company’s stock valued at $1,482,000 after acquiring an additional 68 shares during the period. Stifel Financial Corp lifted its holdings in Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock worth $322,000 after buying an additional 80 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Herc by 53.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after buying an additional 80 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Herc by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company’s stock worth $4,000,000 after acquiring an additional 90 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 117 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Up 4.0 %

HRI stock opened at $142.19 on Thursday. The stock has a market cap of $4.05 billion, a P/E ratio of 19.19, a PEG ratio of 1.61 and a beta of 1.93. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88. The company’s 50 day moving average is $163.64 and its two-hundred day moving average is $184.01.

Herc (NYSE:HRI) last announced its quarterly 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 analysts’ expectations of $919.84 million. Research analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.70 dividend. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 1.97%. Herc’s dividend payout ratio is 37.79%.

Analysts Set New Price Targets

Several research firms recently commented on HRI. The Goldman Sachs Group lowered their target price on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Citigroup assumed coverage on shares of Herc in a report on Monday, March 24th. They issued a “buy” rating and a $165.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.20.

About Herc

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.