Evelyn Partners Investment Management LLP Sells 12,678 Shares of Herc Holdings Inc. $HRI

Evelyn Partners Investment Management LLP trimmed its position in shares of Herc Holdings Inc. (NYSE:HRI) by 95.5% during the first quarter, Holdings Channel.com reports. The fund owned 593 shares of the transportation company’s stock after selling 12,678 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Herc were worth $59,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Herc by 11.2% in the third quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock valued at $481,040,000 after purchasing an additional 413,719 shares during the last quarter. Norges Bank purchased a new position in Herc during the fourth quarter worth about $287,269,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Herc by 86,823.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,335,138 shares of the transportation company’s stock worth $198,108,000 after purchasing an additional 1,333,602 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Herc by 17.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,164,022 shares of the transportation company’s stock worth $115,872,000 after purchasing an additional 170,189 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Herc by 13.4% in the 1st quarter. First Trust Advisors LP now owns 873,338 shares of the transportation company’s stock worth $86,941,000 after purchasing an additional 103,047 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

Shares of HRI stock opened at $149.01 on Wednesday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of -551.90, a P/E/G ratio of 29.05 and a beta of 1.88. 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. The firm’s 50-day simple moving average is $143.76 and its two-hundred day simple moving average is $137.01.

Herc (NYSE:HRI) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.67. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $1.87 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, equities analysts forecast that Herc Holdings Inc. will post 5.3 earnings per share for the current year.

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.70 dividend. 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%.

Key Headlines Impacting Herc

Here are the key news stories impacting Herc this week:

• Positive Sentiment: Herc reported adjusted earnings of $1.43 per share, well above the $0.76 consensus estimate, while revenue rose 20.2% year over year to $1.20 billion, also exceeding expectations. Herc Holdings Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised its 2026 full-year guidance, signaling confidence that the completed H&E Equipment Services integration will support continued growth. Revenue synergies and cost savings are building, with incremental savings expected to reach approximately $125 million by year-end. Herc Holdings Reports Second Quarter 2026 Results and Increases 2026 Full Year Guidance
• Positive Sentiment: Analysts and commentators viewed the post-earnings pullback as a potential entry point, arguing that HRI’s valuation remains attractive relative to its growth prospects despite a substantial rally since March. Herc Holdings’ Dip Offers An Entry Point

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price 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. Weiss Ratings raised Herc from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Wells Fargo & Company lifted their price target on Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Citigroup boosted their price objective on Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, BNP Paribas Exane began coverage on Herc in a research note on Monday, June 29th. They issued a “neutral” rating and a $160.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $173.43.

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.