Herc Holdings Inc. $HRI Position Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,101,214 shares of the transportation company’s stock after selling 12,622 shares during the quarter. Herc makes up 1.2% of Gamco Investors INC. ET AL’s portfolio, making the stock its 10th biggest position. Gamco Investors INC. ET AL owned 3.31% of Herc worth $128,468,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Herc by 176.9% in the 1st quarter. AQR Capital Management LLC now owns 25,782 shares of the transportation company’s stock worth $3,462,000 after purchasing an additional 16,470 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Herc by 25.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 263,180 shares of the transportation company’s stock valued at $35,337,000 after purchasing an additional 53,054 shares in the last quarter. AlphaQuest LLC increased its position in shares of Herc by 158.2% during the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock valued at $48,000 after buying an additional 223 shares during the period. Teacher Retirement System of Texas increased its position in shares of Herc by 20.5% during the second quarter. Teacher Retirement System of Texas now owns 4,752 shares of the transportation company’s stock valued at $626,000 after buying an additional 807 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Herc by 9.5% in the second quarter. Bank of New York Mellon Corp now owns 164,521 shares of the transportation company’s stock worth $21,666,000 after buying an additional 14,297 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HRI. Citigroup lowered their target price on Herc from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Robert W. Baird decreased their price objective on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price objective on Herc from $150.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Wells Fargo & Company boosted their target price on shares of Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Barclays upped their target price on shares of Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.29.

Herc Stock Down 8.7%

HRI stock opened at $120.30 on Friday. The business has a 50 day moving average of $156.54 and a 200 day moving average of $141.57. The firm has a market cap of $4.01 billion, a PE ratio of -668.33, a price-to-earnings-growth ratio of 17.77 and a beta of 1.73. Herc Holdings Inc. has a twelve month low of $96.18 and a twelve month high of $188.35. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 4.17.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, February 17th. The transportation company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.The company’s revenue was up 27.1% on a year-over-year basis. During the same period last year, the company earned $3.58 earnings per share. On average, research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, February 18th. Herc’s dividend payout ratio is currently -1,555.56%.

Herc Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.