Loomis Sayles & Co. L P Sells 12,673 Shares of Herc Holdings Inc. (NYSE:HRI)

Loomis Sayles & Co. L P cut its holdings in Herc Holdings Inc. (NYSE:HRI) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,242 shares of the transportation company’s stock after selling 12,673 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Herc were worth $29,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after buying an additional 167 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 130 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Herc by 34.1% in the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after acquiring an additional 117 shares during the period. Venturi Wealth Management LLC boosted its holdings in Herc by 564.0% in the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 626 shares in the last quarter. Finally, RBF Capital LLC purchased a new position in Herc during the 3rd quarter valued at $213,000. 93.11% of the stock is owned by institutional investors.

Herc Stock Down 0.9 %

Shares of Herc stock opened at $139.50 on Friday. Herc Holdings Inc. has a 1 year low of $119.60 and a 1 year high of $246.88. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.61 and a beta of 2.14. The company has a 50-day moving average of $169.18 and a 200 day moving average of $183.57. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

Herc (NYSE:HRI) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. As a group, sell-side analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HRI. The Goldman Sachs Group cut their target price on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Citigroup began coverage on Herc in a research report on Monday. They set a “buy” rating and a $165.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.20.

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.