Herc Holdings Inc. $HRI Stock Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 73.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,200 shares of the transportation company’s stock after purchasing an additional 10,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Herc were worth $3,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. State of Wyoming lifted its position in shares of Herc by 21.0% in the first quarter. State of Wyoming now owns 616 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 107 shares in the last quarter. HighTower Advisors LLC increased its position in Herc by 4.1% during the 2nd quarter. HighTower Advisors LLC now owns 3,386 shares of the transportation company’s stock worth $485,000 after purchasing an additional 134 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its position in Herc by 0.3% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 41,732 shares of the transportation company’s stock worth $5,208,000 after purchasing an additional 142 shares in the last quarter. Swiss National Bank increased its position in Herc by 0.3% during the 1st quarter. Swiss National Bank now owns 62,557 shares of the transportation company’s stock worth $6,228,000 after purchasing an additional 200 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Herc by 61.4% in the 1st quarter. NewEdge Advisors LLC now owns 694 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 264 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRI has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Herc from $165.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. BNP Paribas Exane boosted their price objective on shares of Herc from $165.00 to $176.00 and gave the company a “neutral” rating in a research report on Wednesday, October 28th. Barclays boosted their price objective on shares of Herc from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. KeyCorp upped their price objective on shares of Herc from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Citigroup raised their target price on shares of Herc from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.57.

Herc Stock Up 1.6%

Shares of NYSE:HRI opened at $168.36 on Tuesday. The stock has a 50-day simple moving average of $139.44 and a 200-day simple moving average of $139.41. The stock has a market capitalization of $5.63 billion, a P/E ratio of 21.81 and a beta of 2.04. Herc Holdings Inc. has a 1 year low of $88.45 and a 1 year high of $188.35. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.10 and a current ratio of 1.08.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, October 27th. The transportation company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.99. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Herc had a return on equity of 13.21% and a net margin of 2.50%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 EPS. Equities analysts forecast that Herc Holdings Inc. will post 7.87 earnings per share for the current year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, September 2nd. Herc’s dividend payout ratio is currently 76.29%.

Herc Company Profile

Herc Holdings Inc, operating primarily through the Herc Rentals brand, is an equipment rental supplier serving construction, industrial, commercial and government customers. The company provides access to equipment and related services intended to help customers complete projects without purchasing and maintaining their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power generation and climate-control equipment, pumps, and general tools.