Future Fund LLC Has $1.65 Million Holdings in Herc Holdings Inc. $HRI

Future Fund LLC grew its position in shares of Herc Holdings Inc. (NYSE:HRI) by 27.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,582 shares of the transportation company’s stock after buying an additional 3,582 shares during the quarter. Future Fund LLC’s holdings in Herc were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Herc by 342.1% in the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock worth $25,000 after acquiring an additional 130 shares in the last quarter. Advisory Services Network LLC acquired a new position in Herc in the third quarter worth $35,000. Smartleaf Asset Management LLC grew its holdings in shares of Herc by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock worth $51,000 after purchasing an additional 111 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Herc during the third quarter worth $40,000. Finally, Covestor Ltd increased its stake in shares of Herc by 78.1% in the fourth quarter. Covestor Ltd now owns 358 shares of the transportation company’s stock valued at $53,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Trading Down 2.5%

NYSE:HRI opened at $149.36 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. Herc Holdings Inc. has a 1-year low of $88.45 and a 1-year high of $188.35. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -553.19, a PEG ratio of 27.80 and a beta of 1.88. The business’s 50-day moving average price is $141.22 and its two-hundred day moving average price is $137.18.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.42. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 EPS. On average, equities analysts expect that Herc Holdings Inc. will post 5.3 earnings per share for the current year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a yield of 1.9%. Herc’s payout ratio is currently -1,037.04%.

Analyst Ratings Changes

HRI has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Herc from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Herc from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Wells Fargo & Company raised their price objective on shares of Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Herc from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, BNP Paribas Exane initiated coverage on shares of Herc in a research report on Monday, June 29th. They set a “neutral” rating and a $160.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Herc has an average rating of “Hold” and an average price target of $173.43.

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.