New York State Common Retirement Fund Sells 24,042 Shares of Herc Holdings Inc. (NYSE:HRI)

New York State Common Retirement Fund lessened its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,270 shares of the transportation company’s stock after selling 24,042 shares during the period. New York State Common Retirement Fund’s holdings in Herc were worth $20,499,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HRI. Argent Capital Management LLC increased its holdings in shares of Herc by 38.2% during the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock valued at $1,308,000 after acquiring an additional 1,910 shares in the last quarter. Farther Finance Advisors LLC grew its position in 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. 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 valued at $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% in the third 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 last quarter. Finally, Motley Fool Wealth Management LLC lifted its stake in shares of Herc by 26.4% in the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock worth $13,211,000 after buying an additional 17,315 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Herc Price Performance

NYSE HRI opened at $163.58 on Friday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.61 and a beta of 2.04. The stock has a 50-day moving average of $195.08 and a 200 day moving average of $183.90. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88.

Herc (NYSE:HRI) last announced its quarterly earnings results 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 company 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, sell-side analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 1.71%. Herc’s payout ratio is currently 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.