Strs Ohio Sells 4,800 Shares of Herc Holdings Inc. $HRI

Strs Ohio lessened its position in Herc Holdings Inc. (NYSE:HRI) by 75.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,600 shares of the transportation company’s stock after selling 4,800 shares during the period. Strs Ohio’s holdings in Herc were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HRI. Avidian Wealth Enterprises LLC purchased a new stake in shares of Herc during the third quarter worth about $244,000. Evergreen Capital Management LLC bought a new position in Herc during the 3rd quarter valued at approximately $7,876,000. Stephens Inc. AR purchased a new stake in Herc in the 3rd quarter worth approximately $228,000. State of Alaska Department of Revenue purchased a new stake in Herc in the 3rd quarter worth approximately $233,000. Finally, SG Americas Securities LLC grew its position in shares of Herc by 397.5% in the 3rd quarter. SG Americas Securities LLC now owns 8,373 shares of the transportation company’s stock worth $977,000 after buying an additional 6,690 shares during the last quarter. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

Shares of Herc stock opened at $149.95 on Tuesday. Herc Holdings Inc. has a 12 month low of $96.18 and a 12 month high of $211.88. The firm has a market capitalization of $4.99 billion, a P/E ratio of -59.50, a P/E/G ratio of 1.33 and a beta of 1.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.28. The business has a fifty day simple moving average of $152.68 and a two-hundred day simple moving average of $136.79.

Herc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, December 15th. Herc’s dividend payout ratio is -111.11%.

Wall Street Analysts Forecast Growth

HRI has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Herc in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on shares of Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Barclays upped their price objective on shares of Herc from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Herc from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, KeyCorp set a $200.00 price target on shares of Herc and gave the company an “overweight” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Herc presently has an average rating of “Moderate Buy” and a consensus target price of $181.43.

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.