Motley Fool Wealth Management LLC Sells 2,487 Shares of Herc Holdings Inc. (NYSE:HRI)

Motley Fool Wealth Management LLC trimmed its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,376 shares of the transportation company’s stock after selling 2,487 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.28% of Herc worth $15,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Argent Capital Management LLC raised its stake in Herc by 38.2% during the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock valued at $1,308,000 after buying an additional 1,910 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Herc in the fourth quarter worth $5,377,000. State Street Corp increased its position in Herc by 0.5% during the third quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after acquiring an additional 3,006 shares during the last quarter. TT International Asset Management LTD lifted 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 valued at $2,287,000 after acquiring an additional 10,967 shares during the period. Finally, Bridgewater Associates LP boosted its position in Herc by 461.2% in the third quarter. Bridgewater Associates LP now owns 23,922 shares of the transportation company’s stock worth $3,814,000 after purchasing an additional 19,659 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Price Performance

NYSE HRI opened at $142.95 on Wednesday. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a 12 month low of $119.60 and a 12 month high of $246.88. The company’s 50 day moving average is $171.66 and its two-hundred day moving average is $184.19. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99.

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). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. As a group, research analysts anticipate 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. Investors of record on Tuesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 1.96%. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio (DPR) is currently 37.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HRI shares. Citigroup assumed coverage on shares of Herc in a research note on Monday. They issued a “buy” rating and a $165.00 price objective on the stock. The Goldman Sachs Group decreased their price target on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $202.20.

About Herc

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.