RD Lewis Holdings Inc. Acquires Shares of 1,043 Herc Holdings Inc. (NYSE:HRI)

RD Lewis Holdings Inc. acquired a new stake in Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,043 shares of the transportation company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased 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 buying an additional 167 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after buying an additional 130 shares during the period. Truvestments Capital LLC purchased a new position in shares of Herc during the third quarter valued at about $80,000. Farther Finance Advisors LLC increased its position in shares of Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after buying an additional 117 shares during the period. Finally, KBC Group NV increased its position in shares of Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their price objective on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $219.75.

Herc Price Performance

Shares of HRI opened at $128.51 on Tuesday. The stock has a market cap of $3.66 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. 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 $119.60 and a fifty-two week high of $246.88. The firm’s 50-day simple moving average is $177.53 and its two-hundred day simple moving average is $184.31.

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

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is currently 37.79%.

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.