1,508 Shares in Herc Holdings Inc. (NYSE:HRI) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,508 shares of the transportation company’s stock, valued at approximately $286,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Herc by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company’s stock valued at $580,655,000 after buying an additional 27,578 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Herc in the 4th quarter valued at approximately $1,041,000. Sei Investments Co. raised its stake in shares of Herc by 24.3% during the fourth quarter. Sei Investments Co. now owns 14,191 shares of the transportation company’s stock valued at $2,688,000 after acquiring an additional 2,773 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Herc by 0.8% during the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company’s stock worth $153,787,000 after purchasing an additional 6,777 shares during the period. Finally, Semanteon Capital Management LP bought a new stake in shares of Herc in the fourth quarter worth $751,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HRI has been the subject of a number of recent research reports. Citigroup assumed coverage on Herc in a report on Monday. They issued a “buy” rating and a $165.00 price objective for the company. The Goldman Sachs Group decreased their price target on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $202.20.

Herc Stock Performance

Shares of HRI opened at $139.50 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm’s fifty day simple moving average is $169.18 and its two-hundred day simple moving average is $183.57. Herc Holdings Inc. has a 12 month low of $119.60 and a 12 month high of $246.88. The stock has a market capitalization of $3.97 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14.

Herc (NYSE:HRI) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. As a group, analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.01%. Herc’s dividend payout ratio (DPR) is 37.79%.

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.