Herc Holdings Inc. (NYSE:HRI) Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 24.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,191 shares of the transportation company’s stock after buying an additional 2,773 shares during the period. Sei Investments Co.’s holdings in Herc were worth $2,688,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after buying an additional 167 shares during the period. PNC Financial Services Group Inc. grew its holdings in Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock worth $70,000 after acquiring an additional 130 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 117 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 626 shares in the last quarter. Finally, RD Lewis Holdings Inc. purchased a new stake in shares of Herc during the 4th quarter worth $214,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

HRI stock opened at $122.47 on Friday. The company has a market cap of $3.49 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. 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 price of $160.31 and a two-hundred day moving average price of $183.49. Herc Holdings Inc. has a 12-month low of $114.74 and a 12-month high of $246.88.

Herc (NYSE:HRI) last announced 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 company 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%. As a group, research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.29%. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is currently 37.79%.

Wall Street Analysts Forecast Growth

HRI has been the topic of a number of analyst reports. Citigroup assumed coverage on Herc in a research note on Monday, March 24th. They issued a “buy” rating and a $165.00 price target on the stock. The Goldman Sachs Group decreased their target price on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Herc presently has an average rating of “Moderate Buy” and an average target price of $202.20.

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.