Segall Bryant & Hamill LLC Sells 8,671 Shares of Herc Holdings Inc. (NYSE:HRI)

Segall Bryant & Hamill LLC reduced its stake in Herc Holdings Inc. (NYSE:HRI) by 22.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,170 shares of the transportation company’s stock after selling 8,671 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Herc were worth $5,523,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position in shares of Herc by 878.9% during the fourth 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Herc by 54.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock worth $70,000 after buying an additional 130 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 buying an additional 117 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Herc by 564.0% in the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 626 shares in the last quarter. Finally, RBF Capital LLC purchased a new stake in shares of Herc during the third quarter valued at approximately $213,000. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

Shares of HRI opened at $139.50 on Friday. Herc Holdings Inc. has a 1 year low of $119.60 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s fifty day moving average price is $169.18 and its two-hundred day moving average price is $183.57. The firm has a market cap of $3.97 billion, a PE ratio of 18.83, a PEG ratio of 1.61 and a beta of 2.14.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. On average, equities research analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 2.01%. Herc’s dividend payout ratio (DPR) is 37.79%.

Wall Street Analysts Forecast Growth

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

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.