RD Lewis Holdings Inc. Acquires New Holdings in Herc Holdings Inc. (NYSE:HRI)

RD Lewis Holdings Inc. acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,043 shares of the transportation company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 167 shares during the period. PNC Financial Services Group Inc. lifted its position in Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares during the period. Truvestments Capital LLC bought a new position in Herc during the third quarter valued at approximately $80,000. Farther Finance Advisors LLC lifted its position in Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 117 shares during the period. Finally, KBC Group NV lifted its position in Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 143 shares during the period. Institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

Shares of NYSE HRI opened at $128.51 on Tuesday. The firm has a fifty day moving average price of $177.53 and a 200-day moving average price of $184.31. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $3.66 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 1 year low of $119.60 and a 1 year high of $246.88.

Herc (NYSE:HRI) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. Equities analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.18%. Herc’s dividend payout ratio is 37.79%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their target price on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $219.75.

About Herc

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.