28,400 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,400 shares of the transportation company’s stock, valued at approximately $5,377,000. Proficio Capital Partners LLC owned approximately 0.10% of Herc as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HRI. Victory Capital Management Inc. increased its position in Herc by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company’s stock worth $928,000 after purchasing an additional 284 shares in the last quarter. KBC Group NV boosted its holdings in Herc by 20.1% in the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock worth $136,000 after acquiring an additional 143 shares during the period. Natixis Advisors LLC purchased a new position in Herc in the 3rd quarter worth approximately $3,891,000. Vaughan Nelson Investment Management L.P. purchased a new position in Herc in the 3rd quarter worth approximately $35,996,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Herc by 0.4% in the 3rd 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 period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Performance

Herc stock opened at $129.46 on Monday. The stock has a market cap of $3.68 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a 50 day moving average of $178.66 and a 200-day moving average of $184.42. Herc Holdings Inc. has a 52 week low of $119.60 and a 52 week high of $246.88.

Herc (NYSE:HRI) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS 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 analysts’ expectations of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.70 per share. This is a boost from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s dividend payout ratio is 37.79%.

Wall Street Analysts Forecast Growth

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

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.