Herc Holdings Inc. (NYSE:HRI) Plans Quarterly Dividend of $0.70

Herc Holdings Inc. (NYSE:HRI) announced a quarterly dividend on Friday, December 5th. Investors of record on Monday, December 15th will be paid a dividend of 0.70 per share by the transportation company on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, December 15th.

Herc has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Herc to earn $15.12 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 18.5%.

Herc Stock Down 0.2%

Shares of HRI traded down $0.29 during trading hours on Friday, hitting $141.42. 187,194 shares of the company were exchanged, compared to its average volume of 497,363. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $4.71 billion, a PE ratio of -56.12, a PEG ratio of 1.45 and a beta of 1.81. The firm’s 50 day moving average is $130.49 and its 200-day moving average is $128.65. Herc has a 52 week low of $96.18 and a 52 week high of $235.40.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. The business had revenue of $745.00 million for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%. On average, equities research analysts forecast that Herc will post 12.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in shares of Herc by 11.2% during the third quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock valued at $481,040,000 after acquiring an additional 413,719 shares during the period. Vanguard Group Inc. increased its position in shares of Herc by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company’s stock worth $424,726,000 after purchasing an additional 96,329 shares in the last quarter. Norges Bank acquired a new stake in shares of Herc during the 2nd quarter worth about $242,697,000. Coliseum Capital Management LLC lifted its holdings in Herc by 213.4% during the 1st quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company’s stock valued at $175,892,000 after purchasing an additional 891,979 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Herc by 8.1% in the third quarter. American Century Companies Inc. now owns 1,301,975 shares of the transportation company’s stock valued at $151,889,000 after buying an additional 97,235 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

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.