Stifel Financial Corp Has $322,000 Holdings in Herc Holdings Inc. (NYSE:HRI)

Stifel Financial Corp boosted its position in Herc Holdings Inc. (NYSE:HRI) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,019 shares of the transportation company’s stock after buying an additional 80 shares during the period. Stifel Financial Corp’s holdings in Herc were worth $322,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC increased its holdings in Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd grew its position in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after buying an additional 133 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 270 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 338 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Herc during the 3rd quarter valued at $80,000. Institutional investors own 93.11% of the company’s stock.

Herc Stock Down 1.5 %

Shares of NYSE:HRI opened at $189.62 on Friday. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.21 and a beta of 2.02. The business’s 50 day moving average is $212.96 and its 200 day moving average is $168.00. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. Herc’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.00 earnings per share. On average, sell-side analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Monday, December 16th. Herc’s dividend payout ratio (DPR) is currently 21.75%.

Insider Activity at Herc

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, the director now directly owns 13,774 shares in the company, valued at $2,876,424.42. This represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the transaction, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HRI shares. JPMorgan Chase & Co. boosted their price objective on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays boosted their price target on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $219.75.

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.