Great Lakes Advisors LLC Has $6.17 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

Great Lakes Advisors LLC lowered its position in Herc Holdings Inc. (NYSE:HRI) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,585 shares of the transportation company’s stock after selling 4,404 shares during the period. Great Lakes Advisors LLC’s holdings in Herc were worth $6,169,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Argent Capital Management LLC increased its holdings in shares of Herc by 38.2% in the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after acquiring an additional 1,910 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after purchasing an additional 270 shares in the last quarter. State Street Corp increased its stake in Herc by 0.5% during the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock worth $106,165,000 after purchasing an additional 3,006 shares in the last quarter. TT International Asset Management LTD raised its holdings in Herc by 324.6% during the 3rd quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock worth $2,287,000 after buying an additional 10,967 shares during the period. Finally, Motley Fool Wealth Management LLC lifted its stake in Herc by 26.4% in the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock valued at $13,211,000 after buying an additional 17,315 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price objective on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $219.75.

Herc Stock Down 0.8 %

Shares of Herc stock opened at $122.32 on Friday. The firm has a market cap of $3.48 billion, a PE ratio of 16.51, a P/E/G ratio of 1.61 and a beta of 2.14. The business’s 50 day simple moving average is $179.84 and its 200 day simple moving average is $183.95. 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 Holdings Inc. has a 52-week low of $119.60 and a 52-week high of $246.88.

Herc (NYSE:HRI) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The business had revenue of $934.00 million during 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%. On average, analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. This is a positive change from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s dividend payout ratio is 37.79%.

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.