Future Fund LLC Has $1.65 Million Holdings in Herc Holdings Inc. $HRI

Future Fund LLC boosted its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 27.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 16,582 shares of the transportation company’s stock after purchasing an additional 3,582 shares during the period. Future Fund LLC’s holdings in Herc were worth $1,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its stake in Herc by 342.1% in the fourth quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 130 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Herc during the third quarter worth about $35,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Herc during the 3rd quarter valued at about $40,000. NewEdge Advisors LLC grew its position in shares of Herc by 628.8% in the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 371 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Herc by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock worth $51,000 after purchasing an additional 111 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Trading Down 2.5%

NYSE HRI opened at $149.36 on Friday. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of -553.19, a PEG ratio of 27.80 and a beta of 1.88. The stock’s 50 day moving average price is $141.22 and its two-hundred day moving average price is $137.18. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. Herc Holdings Inc. has a 52 week low of $88.45 and a 52 week high of $188.35.

Herc (NYSE:HRI) last issued its quarterly 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 negative net margin of 0.11% and a positive return on equity of 10.72%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned $1.30 EPS. The business’s quarterly revenue was up 32.3% on a year-over-year basis. As a group, analysts anticipate that Herc Holdings Inc. will post 5.3 earnings per share for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, May 29th. This represents a $2.80 annualized dividend and a yield of 1.9%. Herc’s dividend payout ratio is presently -1,037.04%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Herc from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. JPMorgan Chase & Co. increased their price objective on shares of Herc from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Citigroup raised their price objective on shares of Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BNP Paribas Exane began coverage on shares of Herc in a research report on Monday, June 29th. They issued a “neutral” rating and a $160.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $173.43.

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.