Advisors Asset Management Inc. Has $5.19 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Advisors Asset Management Inc. lifted its position in shares of Herc Holdings Inc. (NYSE:HRI) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,384 shares of the transportation company’s stock after purchasing an additional 2,693 shares during the quarter. Advisors Asset Management Inc.’s holdings in Herc were worth $5,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Herc by 5.1% in the third quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company’s stock valued at $928,000 after acquiring an additional 284 shares during the period. KBC Group NV grew its position in shares of Herc by 20.1% in the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 143 shares during the period. Natixis Advisors LLC bought a new stake in Herc during the 3rd quarter worth approximately $3,891,000. Thrivent Financial for Lutherans raised its holdings in Herc by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 55,960 shares of the transportation company’s stock worth $8,922,000 after buying an additional 236 shares during the period. Finally, Pathstone Holdings LLC boosted its holdings in shares of Herc by 2.5% in the third quarter. Pathstone Holdings LLC now owns 21,679 shares of the transportation company’s stock valued at $3,456,000 after buying an additional 522 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Trading Up 3.9 %

NYSE:HRI opened at $132.96 on Thursday. The company has a market cap of $3.78 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88. The business has a 50 day moving average price of $175.41 and a two-hundred day moving average price of $183.82. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI) last announced its earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $919.84 million. As a group, analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is presently 37.79%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $211.50.

Herc 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.