Charles Schwab Investment Management Inc. Decreases Position in Herc Holdings Inc. (NYSE:HRI)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,516 shares of the transportation company’s stock after selling 713 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.39% of Herc worth $74,694,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Herc by 8.3% during the third quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock worth $117,470,000 after purchasing an additional 56,191 shares during the last quarter. State Street Corp lifted its stake in Herc by 0.5% during the third quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock worth $106,165,000 after purchasing an additional 3,006 shares during the last quarter. Geode Capital Management LLC lifted its stake in Herc by 1.1% during the third quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock worth $101,589,000 after purchasing an additional 6,874 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in Herc during the fourth quarter worth approximately $71,211,000. Finally, Hennessy Advisors Inc. purchased a new stake in Herc during the fourth quarter worth approximately $62,982,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $219.75.

Herc Price Performance

Shares of NYSE HRI opened at $125.75 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a twelve month low of $123.64 and a twelve month high of $246.88. The stock has a 50 day moving average of $183.65 and a two-hundred day moving average of $184.94. The stock has a market cap of $3.58 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.61 and a beta of 2.14.

Herc (NYSE:HRI) last issued 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, research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is presently 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.