Venturi Wealth Management LLC Has $140,000 Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Venturi Wealth Management LLC boosted its position in Herc Holdings Inc. (NYSE:HRI) by 564.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 737 shares of the transportation company’s stock after buying an additional 626 shares during the quarter. Venturi Wealth Management LLC’s holdings in Herc were worth $140,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HRI. Creative Planning raised its position in Herc by 60.3% in the 3rd quarter. Creative Planning now owns 10,848 shares of the transportation company’s stock valued at $1,729,000 after buying an additional 4,080 shares during the last quarter. Signaturefd LLC raised its position in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC raised its position in Herc by 15,842.9% in the 3rd quarter. International Assets Investment Management LLC now owns 11,160 shares of the transportation company’s stock valued at $17,790,000 after buying an additional 11,090 shares during the last quarter. Welch Group LLC raised its position in Herc by 1.9% in the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company’s stock valued at $988,000 after buying an additional 118 shares during the last quarter. Finally, Hunter Associates Investment Management LLC increased its position in shares of Herc by 11.0% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 10,349 shares of the transportation company’s stock worth $1,643,000 after purchasing an additional 1,022 shares during the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Stock Down 8.6 %

NYSE:HRI opened at $163.58 on Friday. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.61 and a beta of 2.04. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The stock’s 50 day moving average price is $195.08 and its two-hundred day moving average price is $183.90. 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 issued 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 the consensus estimate of $919.84 million. Equities research analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal 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 paid a dividend of $0.70 per share. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, February 18th. Herc’s payout ratio is currently 37.79%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted their price target on Herc from $204.00 to $234.00 and gave the stock 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. According to MarketBeat, the stock presently 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.