Herc Holdings Inc. (NYSE:HRI) Holdings Raised by Sei Investments Co.

Sei Investments Co. increased its stake in Herc Holdings Inc. (NYSE:HRI) by 24.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,191 shares of the transportation company’s stock after purchasing an additional 2,773 shares during the quarter. Sei Investments Co.’s holdings in Herc were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in Herc by 878.9% in the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after buying an additional 167 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares in the last quarter. Farther Finance Advisors LLC increased its position in Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after purchasing an additional 117 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after purchasing an additional 626 shares in the last quarter. Finally, RBF Capital LLC acquired a new stake in shares of Herc during the 3rd quarter valued at about $213,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Performance

Herc stock opened at $122.47 on Friday. Herc Holdings Inc. has a 1 year low of $114.74 and a 1 year high of $246.88. The company’s 50-day moving average is $160.31 and its two-hundred day moving average is $183.49. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a market cap of $3.49 billion, a PE ratio of 16.53, a PEG ratio of 1.61 and a beta of 1.93.

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

Herc Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is 37.79%.

Wall Street Analyst Weigh In

HRI has been the subject of several recent research reports. Citigroup assumed coverage on shares of Herc in a research report on Monday, March 24th. They issued a “buy” rating and a $165.00 target price for the company. The Goldman Sachs Group decreased their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Herc has an average rating of “Moderate Buy” and an average target price of $202.20.

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.