Cibc World Markets Corp Takes $499,000 Position in Herc Holdings Inc. (NYSE:HRI)

Cibc World Markets Corp acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,633 shares of the transportation company’s stock, valued at approximately $499,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Herc by 878.9% in the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 167 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 130 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Herc in the third quarter valued at approximately $80,000. Farther Finance Advisors LLC raised its holdings in shares of Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after buying an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Herc by 564.0% in the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after buying an additional 626 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Trading Up 0.4 %

NYSE HRI opened at $135.60 on Friday. The company has a fifty day simple moving average of $173.62 and a two-hundred day simple moving average of $183.73. The stock has a market cap of $3.86 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 12-month low of $119.60 and a 12-month high of $246.88. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI) last issued its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. On average, analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio (DPR) is 37.79%.

Analyst Ratings Changes

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