Keeley Teton Advisors LLC Lowers Holdings in Herc Holdings Inc. (NYSE:HRI)

Keeley Teton Advisors LLC lowered its position in Herc Holdings Inc. (NYSE:HRI) by 5.1% during the 4th quarter, Holdings Channel reports. The firm owned 30,122 shares of the transportation company’s stock after selling 1,613 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Herc were worth $5,703,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of 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. Nomura Asset Management Co. Ltd. lifted its stake in Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after acquiring an additional 80 shares during the period. PNC Financial Services Group Inc. increased its position in Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares during the period. Farther Finance Advisors LLC raised 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 valued at $87,000 after purchasing an additional 117 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Herc by 564.0% during the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 626 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup cut their price target on Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group cut their target price on Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.20.

Herc Price Performance

Shares of HRI stock opened at $119.07 on Tuesday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.61 and a beta of 1.93. 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 stock’s 50-day simple moving average is $146.94 and its 200-day simple moving average is $181.61. Herc Holdings Inc. has a fifty-two week low of $109.39 and a fifty-two week high of $246.88.

Herc (NYSE:HRI) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (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 analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. As a group, equities analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.70 dividend. The ex-dividend date of this dividend was 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 dividend yield of 2.35%. Herc’s dividend payout ratio is currently 37.79%.

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.