Herc Holdings Inc. (NYSE:HRI) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 812,270 shares of the transportation company’s stock after acquiring an additional 6,777 shares during the period. American Century Companies Inc. owned 2.86% of Herc worth $153,787,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HRI. Victory Capital Management Inc. grew its position in shares of Herc by 5.1% during the third quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company’s stock worth $928,000 after acquiring an additional 284 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Herc during the third quarter worth approximately $3,891,000. Thrivent Financial for Lutherans grew its position in shares of Herc by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 55,960 shares of the transportation company’s stock worth $8,922,000 after acquiring an additional 236 shares during the last quarter. Pathstone Holdings LLC grew its position in shares of Herc by 2.5% during the third quarter. Pathstone Holdings LLC now owns 21,679 shares of the transportation company’s stock worth $3,456,000 after acquiring an additional 522 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Herc by 5.1% during the third quarter. Advisors Asset Management Inc. now owns 24,691 shares of the transportation company’s stock worth $3,936,000 after acquiring an additional 1,197 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their target price on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $211.50.

Herc Stock Performance

NYSE:HRI opened at $135.60 on Friday. The firm’s fifty day moving average price is $173.62 and its 200 day moving average price is $183.73. Herc Holdings Inc. has a 1-year low of $119.60 and a 1-year high of $246.88. 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 firm has a market cap of $3.86 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14.

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

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.06%. This is a positive change from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is 37.79%.

Herc Company 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.