O Shaughnessy Asset Management LLC Grows Stake in Herc Holdings Inc. (NYSE:HRI)

O Shaughnessy Asset Management LLC raised its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 39.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,972 shares of the transportation company’s stock after purchasing an additional 1,127 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Herc were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Herc by 53.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 80 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Herc by 54.6% in 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 during the period. Farther Finance Advisors LLC lifted its holdings in shares of Herc by 34.1% in the 4th 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 last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after purchasing an additional 626 shares during the period. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

Herc stock opened at $111.98 on Wednesday. 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 $3.19 billion, a PE ratio of 15.11, a P/E/G ratio of 1.61 and a beta of 1.93. The company has a 50 day moving average price of $155.16 and a 200-day moving average price of $182.86. Herc Holdings Inc. has a fifty-two week low of $109.79 and a fifty-two week high of $246.88.

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

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.50%. This is a boost from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. Herc’s dividend payout ratio is presently 37.79%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HRI. The Goldman Sachs Group decreased their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Citigroup reduced their price target on Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.20.

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.