Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Herc Holdings Inc. (NYSE:HRI) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,898,147 shares of the transportation company’s stock after purchasing an additional 60,715 shares during the period. Vanguard Group Inc. owned approximately 10.23% of Herc worth $431,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HRI. Rhumbline Advisers lifted its position in Herc by 5.2% during the 3rd quarter. Rhumbline Advisers now owns 41,829 shares of the transportation company’s stock worth $4,976,000 after acquiring an additional 2,063 shares in the last quarter. FMR LLC lifted its position in Herc by 7.3% during the 3rd quarter. FMR LLC now owns 315,610 shares of the transportation company’s stock worth $37,539,000 after acquiring an additional 21,476 shares in the last quarter. Northern Trust Corp lifted its position in Herc by 3.8% during the 3rd quarter. Northern Trust Corp now owns 287,725 shares of the transportation company’s stock worth $34,222,000 after acquiring an additional 10,576 shares in the last quarter. Natixis Advisors L.P. acquired a new position in Herc during the 3rd quarter worth approximately $1,843,000. Finally, Electron Capital Partners LLC lifted its position in Herc by 22.6% during the 3rd quarter. Electron Capital Partners LLC now owns 585,029 shares of the transportation company’s stock worth $69,583,000 after acquiring an additional 107,708 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Herc

In related news, CEO Lawrence Harris Silber sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $158.81, for a total transaction of $3,176,200.00. Following the sale, the chief executive officer now directly owns 213,382 shares of the company’s stock, valued at approximately $33,887,195.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Herc news, COO Aaron Birnbaum sold 5,844 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the sale, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lawrence Harris Silber sold 20,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the sale, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,451 shares of company stock valued at $5,092,946. Corporate insiders own 1.70% of the company’s stock.

Herc Stock Performance

Shares of HRI opened at $131.83 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.95. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.67 and a beta of 2.17. Herc Holdings Inc. has a 52-week low of $100.17 and a 52-week high of $171.00. The business’s 50 day moving average is $144.27 and its two-hundred day moving average is $149.60.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.12). The firm had revenue of $804.00 million for the quarter. Herc had a net margin of 10.31% and a return on equity of 28.68%. Analysts forecast that Herc Holdings Inc. will post 14.1 EPS for the current fiscal year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 30th. Herc’s dividend payout ratio is currently 21.97%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Herc in a research report on Friday, June 7th. They set a “neutral” rating and a $155.00 price target on the stock. The Goldman Sachs Group upped their target price on Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, StockNews.com lowered Herc from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Herc has a consensus rating of “Hold” and a consensus price target of $153.00.

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.