Sterling Capital Management LLC Acquires 245 Shares of Herc Holdings Inc. (NYSE:HRI)

Sterling Capital Management LLC grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,505 shares of the transportation company’s stock after purchasing an additional 245 shares during the period. Sterling Capital Management LLC’s holdings in Herc were worth $2,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of Herc by 0.9% in the fourth quarter. Arizona State Retirement System now owns 7,829 shares of the transportation company’s stock worth $1,482,000 after acquiring an additional 68 shares during the last quarter. Stifel Financial Corp increased its stake in Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 80 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock worth $44,000 after buying an additional 80 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of Herc by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company’s stock worth $4,000,000 after buying an additional 90 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

HRI stock opened at $114.63 on Monday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a 1 year low of $109.39 and a 1 year high of $246.88. The company has a market cap of $3.27 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The stock’s fifty day moving average price is $148.68 and its 200-day moving average price is $181.89.

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

Herc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 2.44%. Herc’s dividend payout ratio (DPR) is presently 37.79%.

Analyst Ratings Changes

HRI has been the subject of a number of recent analyst reports. 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. Citigroup lowered their price target on Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $197.20.

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.