Motley Fool Wealth Management LLC Decreases Stock Position in Herc Holdings Inc. (NYSE:HRI)

Motley Fool Wealth Management LLC decreased its position in shares of Herc Holdings Inc. (NYSE:HRI) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,376 shares of the transportation company’s stock after selling 2,487 shares during the period. Motley Fool Wealth Management LLC’s holdings in Herc were worth $15,340,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pier Capital LLC grew its holdings in Herc by 1.4% during the 4th quarter. Pier Capital LLC now owns 53,883 shares of the transportation company’s stock valued at $10,202,000 after buying an additional 768 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Herc in the fourth quarter worth $286,000. Vanguard Group Inc. raised its stake in Herc by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company’s stock valued at $580,655,000 after purchasing an additional 27,578 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Herc during the fourth quarter valued at $1,041,000. Finally, Sei Investments Co. grew its stake in shares of Herc by 24.3% in the 4th quarter. Sei Investments Co. now owns 14,191 shares of the transportation company’s stock worth $2,688,000 after buying an additional 2,773 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

Herc Trading Up 0.1 %

HRI opened at $142.95 on Wednesday. Herc Holdings Inc. has a one year low of $119.60 and a one year high of $246.88. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.61 and a beta of 2.14. The stock’s 50 day moving average price is $171.66 and its 200-day moving average price is $184.19.

Herc (NYSE:HRI) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. On average, equities analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.70 dividend. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s dividend payout ratio is currently 37.79%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup started coverage on shares of Herc in a research report on Monday. They set a “buy” rating and a $165.00 target price on the stock. The Goldman Sachs Group dropped their target price on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.20.

Herc 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.