Herc Holdings Inc. (NYSE:HRI) Position Boosted by Pier Capital LLC

Pier Capital LLC increased its holdings in Herc Holdings Inc. (NYSE:HRI) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,883 shares of the transportation company’s stock after purchasing an additional 768 shares during the quarter. Herc accounts for 1.5% of Pier Capital LLC’s holdings, making the stock its 12th biggest position. Pier Capital LLC owned about 0.19% of Herc worth $10,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings in shares of 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 buying an additional 167 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Herc during the third quarter valued at $80,000. Farther Finance Advisors LLC lifted its stake in Herc by 34.1% during the fourth 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 in the last quarter. Finally, Venturi Wealth Management LLC boosted 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 period. 93.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Citigroup assumed coverage on Herc in a research report on Monday. They set a “buy” rating and a $165.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.20.

Herc Stock Up 5.2 %

Shares of Herc stock opened at $142.66 on Tuesday. Herc Holdings Inc. has a 12-month low of $119.60 and a 12-month high of $246.88. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The stock has a 50 day moving average price of $172.82 and a two-hundred day moving average price of $184.11. The stock has a market capitalization of $4.06 billion, a P/E ratio of 19.25, a PEG ratio of 1.61 and a beta of 2.14.

Herc (NYSE:HRI) last posted its quarterly earnings data 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). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. Equities analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The firm 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. This represents a $2.80 annualized dividend and a dividend yield of 1.96%. 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 payout ratio is currently 37.79%.

About Herc

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.