6,900 Shares of Herc Holdings Inc. $HRI Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund acquired a new position in Herc Holdings Inc. (NYSE:HRI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,900 shares of the transportation company’s stock, valued at approximately $861,000.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its position in Herc by 3.9% during the 3rd quarter. ProShare Advisors LLC now owns 4,567 shares of the transportation company’s stock valued at $570,000 after acquiring an additional 173 shares in the last quarter. State of Wyoming raised its holdings in Herc by 63.4% in the third quarter. State of Wyoming now owns 469 shares of the transportation company’s stock worth $59,000 after purchasing an additional 182 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Herc by 73.8% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,200 shares of the transportation company’s stock valued at $3,145,000 after buying an additional 10,700 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in shares of Herc by 67.5% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,414 shares of the transportation company’s stock worth $176,000 after buying an additional 570 shares during the period. Finally, Moody Aldrich Partners LLC increased its stake in shares of Herc by 4.0% in the 3rd quarter. Moody Aldrich Partners LLC now owns 32,275 shares of the transportation company’s stock worth $4,028,000 after acquiring an additional 1,245 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HRI has been the subject of several recent research reports. Barclays lifted their target price on shares of Herc from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Citigroup upped their target price on shares of Herc from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Wells Fargo & Company raised their price target on shares of Herc from $176.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Herc in a report on Monday, October 26th. Finally, KeyCorp lifted their price objective on Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.57.

Herc Stock Up 9.7%

Shares of HRI stock opened at $166.65 on Tuesday. The company has a 50 day simple moving average of $139.86 and a two-hundred day simple moving average of $139.42. The stock has a market cap of $5.58 billion, a P/E ratio of 20.79 and a beta of 1.99. Herc Holdings Inc. has a 12 month low of $88.45 and a 12 month high of $188.35. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.08.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 27th. The transportation company reported $3.91 EPS for the quarter, topping the consensus estimate of $2.92 by $0.99. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Herc had a return on equity of 13.21% and a net margin of 2.50%. Herc’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 EPS. On average, research analysts expect that Herc Holdings Inc. will post 7.87 earnings per share for the current year.

Herc Dividend Announcement

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

About Herc

Herc Holdings Inc, operating as Herc Rentals, provides equipment rental and related services to customers in construction, industrial, infrastructure, government and other sectors. Its offerings include aerial work platforms, earthmoving and material-handling equipment, power-generation and climate-control systems, pumps, and tools and accessories.

The company also provides equipment sales, repair and maintenance, and specialized services such as trench shoring and remediation. Herc Rentals serves customers across the United States and Canada through its rental locations and service network.

Herc’s roots are in Hertz Equipment Rental Corporation, which separated from Hertz Global Holdings in 2016 and became an independent publicly traded company.