KBC Group NV Raises Stock Position in Herc Holdings Inc. (NYSE:HRI)

KBC Group NV lifted its holdings in Herc Holdings Inc. (NYSE:HRI) by 34.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,150 shares of the transportation company’s stock after purchasing an additional 296 shares during the period. KBC Group NV’s holdings in Herc were worth $218,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HRI. Eagle Wealth Strategies LLC acquired a new position in shares of Herc in the fourth quarter worth $235,000. Atomi Financial Group Inc. increased its holdings in Herc by 43.8% during the 4th quarter. Atomi Financial Group Inc. now owns 1,970 shares of the transportation company’s stock worth $373,000 after purchasing an additional 600 shares during the period. Artemis Investment Management LLP acquired a new stake in Herc in the 4th quarter valued at about $71,211,000. Hennessy Advisors Inc. purchased a new position in shares of Herc in the 4th quarter valued at about $62,982,000. Finally, Argent Capital Management LLC grew its position in shares of Herc by 38.2% during the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after buying an additional 1,910 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HRI has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. 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 report on Thursday, December 12th. Finally, Barclays boosted their target price on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $219.75.

Herc Stock Up 3.7 %

HRI stock opened at $204.47 on Wednesday. The company’s 50 day moving average is $202.88 and its two-hundred day moving average is $179.63. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock has a market cap of $5.81 billion, a P/E ratio of 16.72, a PEG ratio of 1.06 and a beta of 2.04.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.665 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.30%. Herc’s dividend payout ratio (DPR) is presently 21.75%.

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.