Midwest Financial Group LLC Purchases 283 Shares of Herc Holdings Inc. (NYSE:HRI)

Midwest Financial Group LLC raised its position in Herc Holdings Inc. (NYSE:HRI) by 21.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,603 shares of the transportation company’s stock after acquiring an additional 283 shares during the period. Midwest Financial Group LLC’s holdings in Herc were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Herc during the 4th quarter valued at $5,377,000. Handelsbanken Fonder AB increased its position in Herc by 8.0% during the 1st quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company’s stock valued at $907,000 after buying an additional 500 shares in the last quarter. Millennium Management LLC raised its stake in Herc by 1,221.2% in the fourth quarter. Millennium Management LLC now owns 40,732 shares of the transportation company’s stock valued at $7,712,000 after buying an additional 37,649 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Herc by 12.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company’s stock worth $527,000 after acquiring an additional 315 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Herc during the fourth quarter worth about $2,359,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Herc Stock Performance

Shares of NYSE HRI opened at $115.06 on Friday. The company has a 50 day simple moving average of $119.90 and a two-hundred day simple moving average of $153.94. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.50 and a beta of 1.88. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.04. Herc Holdings Inc. has a 12 month low of $96.19 and a 12 month high of $246.88.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.21). The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $841.67 million. Herc had a net margin of 3.53% and a return on equity of 24.10%. During the same quarter in the prior year, the firm earned $2.36 earnings per share. As a group, analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, May 30th. Herc’s payout ratio is presently 62.36%.

Herc Company Profile

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.