Tema Etfs LLC Has $2.36 Million Stock Position in Herc Holdings Inc. $HRI

Tema Etfs LLC lessened its position in shares of Herc Holdings Inc. (NYSE:HRI) by 47.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 20,183 shares of the transportation company’s stock after selling 18,389 shares during the quarter. Tema Etfs LLC owned approximately 0.06% of Herc worth $2,355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Herc by 53.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 248 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Herc during the second quarter valued at $36,000. Byrne Asset Management LLC acquired a new stake in Herc during the 2nd quarter worth about $45,000. FNY Investment Advisers LLC bought a new position in shares of Herc in the 2nd quarter worth about $47,000. Finally, AlphaQuest LLC lifted its stake in shares of Herc by 158.2% in the 2nd quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

HRI has been the subject of several recent analyst reports. Baird R W raised Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Robert W. Baird set a $200.00 price objective on shares of Herc in a research note on Wednesday, October 29th. Citigroup boosted their target price on shares of Herc from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen upgraded shares of Herc from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.86.

Herc Trading Down 2.3%

HRI opened at $164.16 on Tuesday. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $212.19. The firm has a market capitalization of $5.46 billion, a PE ratio of -65.14, a P/E/G ratio of 1.58 and a beta of 1.78. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50-day moving average is $145.27 and its 200 day moving average is $134.91.

Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. The business had revenue of $745.00 million during the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%. As a group, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, December 15th. This represents a $2.80 annualized dividend and a yield of 1.7%. Herc’s dividend payout ratio (DPR) is -111.11%.

Herc Profile

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.