Vaughan Nelson Investment Management L.P. Trims Holdings in Herc Holdings Inc. $HRI

Vaughan Nelson Investment Management L.P. lowered its position in Herc Holdings Inc. (NYSE:HRI) by 36.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 595,037 shares of the transportation company’s stock after selling 348,685 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.79% of Herc worth $88,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HRI. Wedge Capital Management L L P NC purchased a new position in Herc during the 4th quarter worth approximately $2,098,000. Fiduciary Financial Group LLC acquired a new stake in shares of Herc in the fourth quarter worth $337,000. Salem Investment Counselors Inc. increased its stake in shares of Herc by 1.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 22,121 shares of the transportation company’s stock worth $3,282,000 after acquiring an additional 400 shares during the period. GAMMA Investing LLC raised its holdings in shares of Herc by 54.1% during the fourth quarter. GAMMA Investing LLC now owns 484 shares of the transportation company’s stock worth $72,000 after purchasing an additional 170 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Herc by 25.5% during the third quarter. CIBC Private Wealth Group LLC now owns 2,191 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 445 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HRI shares. JPMorgan Chase & Co. upped their price target on shares of Herc from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Barclays boosted their price objective on Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. KeyCorp lowered their target price on Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Citigroup reduced their price target on Herc from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, Robert W. Baird decreased their price target on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.86.

Herc Price Performance

Shares of Herc stock opened at $96.82 on Tuesday. The firm has a market cap of $3.23 billion, a PE ratio of -537.88, a P/E/G ratio of 13.53 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. The business has a 50-day moving average price of $139.98 and a 200 day moving average price of $139.15.

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

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. Herc’s dividend payout ratio is currently -1,555.56%.

About Herc

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.