Lisanti Capital Growth LLC Invests $5.80 Million in Herc Holdings Inc. $HRI

Lisanti Capital Growth LLC bought a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 39,060 shares of the transportation company’s stock, valued at approximately $5,796,000. Herc accounts for 1.4% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 18th biggest position. Lisanti Capital Growth LLC owned about 0.12% of Herc as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Herc during the 3rd quarter worth about $31,000. Advisory Services Network LLC acquired a new position in Herc during the 3rd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in Herc during the 3rd quarter worth approximately $40,000. NewEdge Advisors LLC lifted its position in Herc by 628.8% during the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock worth $50,000 after acquiring an additional 371 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in Herc by 20.3% during the 3rd quarter. AlphaQuest LLC now owns 438 shares of the transportation company’s stock worth $51,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HRI shares. Zacks Research lowered Herc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. reduced their price target on Herc from $165.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Wells Fargo & Company boosted their price target on Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. KeyCorp reduced their price target on Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Finally, Weiss Ratings lowered Herc from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $165.67.

Herc Stock Performance

Shares of HRI opened at $129.05 on Friday. The business’s 50 day moving average is $114.43 and its two-hundred day moving average is $136.76. Herc Holdings Inc. has a 52-week low of $88.45 and a 52-week high of $188.35. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of -477.94, a PEG ratio of 23.36 and a beta of 1.90. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted $1.30 EPS. Herc’s quarterly revenue was up 32.3% on a year-over-year basis. Analysts forecast that Herc Holdings Inc. will post 5.31 EPS for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. Herc’s dividend payout ratio is presently -1,037.04%.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.