Hunter Associates Investment Management LLC Trims Stake in Herc Holdings Inc. (NYSE:HRI)

Hunter Associates Investment Management LLC lowered its holdings in Herc Holdings Inc. (NYSE:HRI) by 18.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,397 shares of the transportation company’s stock after selling 1,952 shares during the period. Hunter Associates Investment Management LLC’s holdings in Herc were worth $1,599,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Artemis Investment Management LLP purchased a new stake in Herc during the fourth quarter valued at about $71,211,000. Hennessy Advisors Inc. bought a new stake in Herc in the 4th quarter worth approximately $62,982,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Herc in the third quarter worth approximately $35,996,000. Franklin Resources Inc. grew its position in Herc by 117.3% during the third quarter. Franklin Resources Inc. now owns 116,512 shares of the transportation company’s stock valued at $19,739,000 after acquiring an additional 62,883 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock worth $117,470,000 after acquiring an additional 56,191 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HRI shares. JPMorgan Chase & Co. lifted their target price on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays increased their target price on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $219.75.

Herc Stock Up 2.2 %

NYSE HRI opened at $208.12 on Friday. The business’s 50-day moving average is $204.07 and its 200 day moving average is $178.28. The stock has a market capitalization of $5.91 billion, a PE ratio of 17.02, a PEG ratio of 1.05 and a beta of 2.06. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. Herc Holdings Inc. has a 1 year low of $124.70 and a 1 year high of $246.88.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.665 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.28%. Herc’s dividend payout ratio is presently 21.75%.

About Herc

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.