Citigroup Inc. Sells 14,987 Shares of Herc Holdings Inc. (NYSE:HRI)

Citigroup Inc. lessened its position in shares of Herc Holdings Inc. (NYSE:HRI) by 88.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,987 shares of the transportation company’s stock after selling 14,987 shares during the quarter. Citigroup Inc.’s holdings in Herc were worth $236,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP raised its stake in shares of Herc by 363.0% during the 1st quarter. Quarry LP now owns 338 shares of the transportation company’s stock worth $38,000 after acquiring an additional 265 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Herc by 90.9% in the first quarter. PNC Financial Services Group Inc. now owns 315 shares of the transportation company’s stock worth $52,000 after buying an additional 150 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Herc by 152.5% in the second quarter. Captrust Financial Advisors now owns 803 shares of the transportation company’s stock worth $72,000 after buying an additional 485 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Herc by 227.4% in the third quarter. Tower Research Capital LLC TRC now owns 704 shares of the transportation company’s stock worth $84,000 after buying an additional 489 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Herc by 95.8% in the first quarter. Covestor Ltd now owns 507 shares of the transportation company’s stock worth $85,000 after buying an additional 248 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Insider Activity at Herc

In related news, SVP Tamir Peres sold 3,545 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total transaction of $564,009.50. Following the sale, the senior vice president now owns 41,236 shares in the company, valued at $6,560,647.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HRI shares. Robert W. Baird raised their price target on shares of Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. KeyCorp cut shares of Herc from an “overweight” rating to a “sector weight” rating in a report on Monday, December 4th.

Herc Trading Up 1.4 %

NYSE HRI opened at $170.04 on Thursday. The stock has a market cap of $4.82 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.85 and a beta of 2.27. Herc Holdings Inc. has a 12-month low of $93.97 and a 12-month high of $170.43. The company has a fifty day simple moving average of $154.33 and a two-hundred day simple moving average of $135.48. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.97.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, February 13th. The transportation company reported $3.24 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.05). The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $858.06 million. Herc had a net margin of 10.58% and a return on equity of 30.21%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.44 EPS. On average, analysts forecast that Herc Holdings Inc. will post 13.86 earnings per share for the current year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Wednesday, February 21st were given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a positive change from Herc’s previous quarterly dividend of $0.63. Herc’s dividend payout ratio (DPR) is currently 21.98%.

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.