Venturi Wealth Management LLC Acquires 626 Shares of Herc Holdings Inc. (NYSE:HRI)

Venturi Wealth Management LLC boosted its position in Herc Holdings Inc. (NYSE:HRI) by 564.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 737 shares of the transportation company’s stock after buying an additional 626 shares during the period. Venturi Wealth Management LLC’s holdings in Herc were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd boosted its stake in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 133 shares during the period. Farther Finance Advisors LLC boosted its stake in Herc by 369.9% in 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 period. Truvestments Capital LLC bought a new stake in Herc in the 3rd quarter valued at $80,000. Finally, KBC Group NV boosted its stake in Herc by 20.1% in the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 143 shares during the period. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

NYSE:HRI opened at $163.58 on Friday. The stock has a fifty day moving average price of $195.08 and a 200-day moving average price of $183.90. The company has a market cap 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 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 fifty-two week low of $124.70 and a fifty-two week high of $246.88.

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

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is 37.79%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price target on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $219.75.

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.