RBF Capital LLC Makes New $471,000 Investment in Herc Holdings Inc. $HRI

RBF Capital LLC acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,574 shares of the transportation company’s stock, valued at approximately $471,000.

Other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in Herc during the 2nd quarter worth $36,000. Byrne Asset Management LLC acquired a new stake in Herc in the second quarter worth $45,000. FNY Investment Advisers LLC acquired a new position in Herc in the second quarter valued at about $47,000. AlphaQuest LLC increased its stake in Herc by 158.2% during the 2nd quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock worth $48,000 after purchasing an additional 223 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Herc by 114.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 312 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HRI. Zacks Research raised shares of Herc from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Herc in a research note on Thursday. Robert W. Baird set a $200.00 target price on Herc in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.33.

Herc Trading Up 5.2%

NYSE:HRI opened at $150.20 on Thursday. The firm has a fifty day simple moving average of $132.59 and a two-hundred day simple moving average of $129.02. Herc Holdings Inc. has a 12 month low of $96.18 and a 12 month high of $217.09. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.28. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -59.60, a PEG ratio of 1.44 and a beta of 1.81.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. Herc had a negative net margin of 1.68% and a positive return on equity of 16.32%. The firm had revenue of $745.00 million for the quarter. Analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, December 15th. Herc’s dividend payout ratio (DPR) is currently -111.11%.

Herc 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.