New York State Common Retirement Fund Sells 24,042 Shares of Herc Holdings Inc. (NYSE:HRI)

New York State Common Retirement Fund cut its position in shares of Herc Holdings Inc. (NYSE:HRI) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,270 shares of the transportation company’s stock after selling 24,042 shares during the quarter. New York State Common Retirement Fund owned approximately 0.38% of Herc worth $20,499,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after acquiring an additional 56,191 shares during the last quarter. State Street Corp lifted its position in Herc by 0.5% in the third quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after purchasing an additional 3,006 shares during the last quarter. Geode Capital Management LLC lifted its position in Herc by 1.1% in the third quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock valued at $101,589,000 after purchasing an additional 6,874 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Herc by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock valued at $63,011,000 after purchasing an additional 23,411 shares during the period. Finally, Artemis Investment Management LLP bought a new position in shares of Herc in the fourth quarter worth approximately $71,211,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Price Performance

HRI stock opened at $163.58 on Friday. The firm has a 50-day moving average of $195.08 and a 200 day moving average of $183.90. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $4.65 billion, a P/E ratio of 22.08, a PEG ratio of 1.61 and a beta of 2.04. Herc Holdings Inc. has a 1 year low of $124.70 and a 1 year high of $246.88.

Herc (NYSE:HRI) last announced its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (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 firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $919.84 million. On average, sell-side analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, February 18th. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is 37.79%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted their price objective on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Herc currently has an average rating of “Hold” and an average target price of $219.75.

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.