Herc Holdings Inc. $HRI Position Lifted by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 212.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,398 shares of the transportation company’s stock after acquiring an additional 12,507 shares during the period. Quantbot Technologies LP owned about 0.06% of Herc worth $2,146,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of Herc by 176.9% during the first quarter. AQR Capital Management LLC now owns 25,782 shares of the transportation company’s stock worth $3,462,000 after purchasing an additional 16,470 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Herc by 25.2% during the first quarter. Goldman Sachs Group Inc. now owns 263,180 shares of the transportation company’s stock valued at $35,337,000 after buying an additional 53,054 shares in the last quarter. AlphaQuest LLC lifted its holdings in Herc by 158.2% during the 2nd quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock worth $48,000 after buying an additional 223 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Herc by 108.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,226 shares of the transportation company’s stock worth $293,000 after buying an additional 1,160 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Herc by 20.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,752 shares of the transportation company’s stock worth $626,000 after acquiring an additional 807 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HRI shares. Wells Fargo & Company upped their price target on Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Robert W. Baird lowered their target price on shares of Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Barclays increased their target price on shares of Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. KeyCorp decreased their price target on shares of Herc from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Finally, Citigroup lowered their price objective on shares of Herc from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.29.

Herc Stock Performance

HRI stock opened at $138.18 on Wednesday. Herc Holdings Inc. has a 1 year low of $96.18 and a 1 year high of $188.35. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of -767.67, a PEG ratio of 19.00 and a beta of 1.73. The company has a debt-to-equity ratio of 4.17, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s fifty day moving average is $158.13 and its two-hundred day moving average is $141.70.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, February 17th. The transportation company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Herc had a net margin of 0.02% and a return on equity of 13.21%. The company’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.58 EPS. On average, research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Herc’s payout ratio is -1,555.56%.

About Herc

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.