Semanteon Capital Management LP Makes New Investment in Herc Holdings Inc. (NYSE:HRI)

Semanteon Capital Management LP acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,966 shares of the transportation company’s stock, valued at approximately $751,000.

A number of other institutional investors have also recently bought and sold shares of HRI. Jones Financial Companies Lllp lifted its holdings in shares of Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after buying an additional 167 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after buying an additional 130 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Herc during the 3rd quarter valued at about $80,000. Farther Finance Advisors LLC lifted its holdings in shares of Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after buying an additional 117 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Herc by 20.1% during the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after buying an additional 143 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Up 0.4 %

Shares of HRI stock opened at $135.60 on Friday. The stock’s 50 day simple moving average is $173.62 and its 200 day simple moving average is $183.41. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.30, a PEG 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 company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.06%. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is presently 37.79%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reduced their price target on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $211.50.

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.