1,915 Shares in Herc Holdings Inc. (NYSE:HRI) Purchased by Teza Capital Management LLC

Teza Capital Management LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,915 shares of the transportation company’s stock, valued at approximately $363,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings 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 worth $35,000 after acquiring an additional 167 shares during the period. Quarry LP increased its position 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 last quarter. Nomura Asset Management Co. Ltd. raised its stake in Herc by 53.3% during 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Herc during the fourth quarter worth approximately $59,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Herc by 54.6% in the 4th 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. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Down 0.7%

Shares of Herc stock opened at $135.70 on Wednesday. Herc Holdings Inc. has a twelve month low of $96.19 and a twelve month high of $246.88. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.85. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a fifty day moving average price of $124.27 and a 200 day moving average price of $170.52.

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

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, May 30th. Herc’s dividend payout ratio is presently 62.36%.

Wall Street Analysts Forecast Growth

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

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.