29,171 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 29,171 shares of the transportation company’s stock, valued at approximately $5,523,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after acquiring an additional 61 shares during the last quarter. Covestor Ltd lifted its stake in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after purchasing an additional 133 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 270 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Herc by 704.2% during the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 338 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Herc in the third quarter worth about $80,000. Institutional investors own 93.11% of the company’s stock.

Herc Trading Up 2.1 %

Shares of NYSE HRI opened at $206.98 on Wednesday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 16.92, a PEG ratio of 1.08 and a beta of 2.04. Herc Holdings Inc. has a 1-year low of $124.70 and a 1-year high of $246.88. The business’s 50 day moving average is $200.37 and its two-hundred day moving average is $181.62. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is presently 21.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays boosted their price target on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $219.75.

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.