Electron Capital Partners LLC Has $64.55 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Electron Capital Partners LLC lifted its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 340,949 shares of the transportation company’s stock after purchasing an additional 1,402 shares during the period. Herc accounts for 3.4% of Electron Capital Partners LLC’s holdings, making the stock its 11th biggest holding. Electron Capital Partners LLC owned about 1.20% of Herc worth $64,552,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HRI. Jones Financial Companies Lllp raised its position in shares of Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after acquiring an additional 167 shares in the last quarter. Quarry LP grew its stake in Herc by 646.7% during the fourth quarter. Quarry LP now owns 224 shares of the transportation company’s stock worth $42,000 after purchasing an additional 194 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after purchasing an additional 80 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after buying an additional 130 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings 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 buying an additional 117 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HRI. Barclays dropped their target price on shares of Herc from $250.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $146.00 price target (down previously from $171.00) on shares of Herc in a report on Tuesday, April 22nd. Robert W. Baird cut their target price on Herc from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Citigroup decreased their target price on shares of Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Herc presently has a consensus rating of “Moderate Buy” and an average target price of $139.20.

Herc Stock Performance

Shares of HRI stock opened at $111.14 on Tuesday. Herc Holdings Inc. has a one year low of $96.19 and a one year high of $246.88. The firm has a 50-day moving average of $129.43 and a 200-day moving average of $178.20. The company has a market cap of $3.17 billion, a P/E ratio of 15.00, a P/E/G ratio of 1.61 and a beta of 1.93. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38.

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

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.52%. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is 62.36%.

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.