Herc Holdings Inc. (NYSE:HRI) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its position in Herc Holdings Inc. (NYSE:HRI) by 87.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,000 shares of the transportation company’s stock after selling 246,104 shares during the quarter. Impax Asset Management Group plc owned 0.12% of Herc worth $4,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Herc during the first quarter worth about $11,259,000. Proficio Capital Partners LLC acquired a new position in shares of Herc during the fourth quarter worth about $5,377,000. Handelsbanken Fonder AB lifted its stake in shares of Herc by 8.0% during the first quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company’s stock worth $907,000 after purchasing an additional 500 shares in the last quarter. Millennium Management LLC increased its position in shares of Herc by 1,221.2% during the fourth quarter. Millennium Management LLC now owns 40,732 shares of the transportation company’s stock worth $7,712,000 after acquiring an additional 37,649 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of Herc by 12.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company’s stock worth $527,000 after acquiring an additional 315 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Price Performance

NYSE HRI opened at $144.61 on Friday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 32.21, a P/E/G ratio of 1.88 and a beta of 1.86. Herc Holdings Inc. has a 1 year low of $96.19 and a 1 year high of $246.88. The business’s fifty day moving average is $124.11 and its two-hundred day moving average is $148.59. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.50 and a current ratio of 1.50.

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 net margin of 3.53% and a return on equity of 24.10%. The firm had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. During the same period last year, the firm earned $2.36 earnings per share. On average, research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, May 30th. Herc’s dividend payout ratio (DPR) is presently 62.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays dropped their target price on Herc from $250.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $146.00 price objective (down from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Robert W. Baird lowered their price objective on Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Finally, Citigroup reissued a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Herc in a report on Tuesday, June 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.20.

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.