MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Herc Holdings Inc. (NYSE:HRI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 5.7% in the 4th quarter, HoldingsChannel reports. The fund owned 210,852 shares of the transportation company’s stock after buying an additional 11,356 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Herc were worth $39,921,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in Herc by 97.0% during the 4th quarter. Lazard Asset Management LLC now owns 12,805 shares of the transportation company’s stock valued at $2,423,000 after purchasing an additional 6,304 shares during the last quarter. Ground Swell Capital LLC bought a new position in Herc during the 4th quarter valued at approximately $217,000. Ensign Peak Advisors Inc raised its position in Herc by 22.1% during the 4th quarter. Ensign Peak Advisors Inc now owns 12,075 shares of the transportation company’s stock valued at $2,286,000 after purchasing an additional 2,184 shares during the last quarter. Ethic Inc. bought a new position in Herc during the 4th quarter valued at approximately $273,000. Finally, FORA Capital LLC bought a new position in Herc during the 4th quarter valued at approximately $243,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Stock Up 3.2%

Shares of NYSE:HRI opened at $137.42 on Wednesday. Herc Holdings Inc. has a 52-week low of $96.19 and a 52-week high of $246.88. The firm has a market capitalization of $3.92 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.61 and a beta of 1.85. The stock has a 50 day moving average price of $123.31 and a 200-day moving average price of $173.14. 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 (NYSE:HRI) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.21). Herc had a return on equity of 26.48% and a net margin of 5.91%. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $841.67 million. During the same period in the prior year, the company posted $2.36 EPS. As a group, equities research analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays lowered their price target on Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Robert W. Baird lowered their price target on Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $146.00 price target (down previously from $171.00) on shares of Herc in a research report on Tuesday, April 22nd. Citigroup lowered their price target on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Herc presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.20.

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.