Herc Holdings Inc. (NYSE:HRI) Stake Boosted by MetLife Investment Management LLC

MetLife Investment Management LLC raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,948 shares of the transportation company’s stock after purchasing an additional 706 shares during the period. MetLife Investment Management LLC’s holdings in Herc were worth $3,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HRI. Jones Financial Companies Lllp grew its position in shares of Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after buying an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 80 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Herc by 34.1% during the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after purchasing an additional 117 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after purchasing an additional 626 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays lowered their price objective on Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $146.00 price objective (down previously from $171.00) on shares of Herc in a report on Tuesday. Robert W. Baird reduced their target price on shares of Herc from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup dropped their price target on shares of Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Herc has a consensus rating of “Moderate Buy” and a consensus target price of $139.20.

Herc Stock Down 2.8 %

Herc stock opened at $108.38 on Friday. Herc Holdings Inc. has a 52 week low of $96.19 and a 52 week high of $246.88. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.61 and a beta of 1.93. The company’s 50-day moving average price is $130.80 and its two-hundred day moving average price is $178.48. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.21). The firm had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same period in the previous year, the firm earned $2.36 EPS. On average, analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.70 dividend. This is a positive change from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.58%. Herc’s dividend payout ratio is 37.79%.

About Herc

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.