Motley Fool Wealth Management LLC Has $9.82 Million Stake in Herc Holdings Inc. $HRI

Motley Fool Wealth Management LLC trimmed its position in shares of Herc Holdings Inc. (NYSE:HRI) by 14.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 66,185 shares of the transportation company’s stock after selling 10,839 shares during the period. Motley Fool Wealth Management LLC’s holdings in Herc were worth $9,821,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Herc by 4.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,608 shares of the transportation company’s stock valued at $239,000 after buying an additional 72 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Herc by 20.3% during the 3rd quarter. AlphaQuest LLC now owns 438 shares of the transportation company’s stock valued at $51,000 after buying an additional 74 shares during the last quarter. Midwest Financial Group LLC lifted its holdings in Herc by 3.6% in the 4th quarter. Midwest Financial Group LLC now owns 2,153 shares of the transportation company’s stock worth $319,000 after purchasing an additional 75 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in Herc by 2.3% during the third quarter. Cornerstone Investment Partners LLC now owns 4,310 shares of the transportation company’s stock worth $503,000 after purchasing an additional 97 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Herc by 5.1% during the second quarter. Captrust Financial Advisors now owns 2,051 shares of the transportation company’s stock valued at $270,000 after purchasing an additional 100 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of NYSE HRI opened at $149.45 on Wednesday. The business has a fifty day simple moving average of $121.83 and a 200 day simple moving average of $137.00. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -553.50, a PEG ratio of 26.28 and a beta of 1.89. Herc Holdings Inc. has a one year low of $88.45 and a one year high of $188.35.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.42. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.Herc’s revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share. Sell-side analysts expect that Herc Holdings Inc. will post 5.31 EPS for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, May 29th. Herc’s dividend payout ratio is presently -1,037.04%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HRI shares. KeyCorp lowered their target price on shares of Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Robert W. Baird dropped their target price on shares of Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of Herc from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. dropped their target price on shares of Herc from $165.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Finally, Wells Fargo & Company lifted their target price on shares of Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $165.67.

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.