Lisanti Capital Growth LLC Buys Shares of 39,060 Herc Holdings Inc. $HRI

Lisanti Capital Growth LLC bought a new stake in Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 39,060 shares of the transportation company’s stock, valued at approximately $5,796,000. Herc accounts for approximately 1.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors also recently made changes to their positions in HRI. Aster Capital Management DIFC Ltd acquired a new position in shares of Herc in the 3rd quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new position in shares of Herc in the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Herc during the 3rd quarter valued at approximately $40,000. NewEdge Advisors LLC raised its position in shares of Herc by 628.8% during the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 371 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Herc by 20.3% during the 3rd quarter. AlphaQuest LLC now owns 438 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 74 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Performance

HRI stock opened at $129.05 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24. The firm has a market cap of $4.31 billion, a P/E ratio of -477.94, a P/E/G ratio of 23.36 and a beta of 1.90. Herc Holdings Inc. has a 12-month low of $88.45 and a 12-month high of $188.35. The stock’s 50 day simple moving average is $114.43 and its 200 day simple moving average is $136.76.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. As a group, equities research analysts predict that Herc Holdings Inc. will post 5.31 EPS for the current year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.80 annualized dividend and a yield of 2.2%. Herc’s dividend payout ratio (DPR) is currently -1,037.04%.

Analysts Set New Price Targets

HRI has been the topic of several research reports. Weiss Ratings lowered Herc from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Citigroup upped their price target on Herc from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird dropped their price target on Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. JPMorgan Chase & Co. dropped their price target on Herc from $165.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, Zacks Research lowered Herc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $165.67.

Herc Company 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.