Motley Fool Wealth Management LLC Sells 6,084 Shares of Herc Holdings Inc. (NYSE:HRI)

Motley Fool Wealth Management LLC lowered its position in Herc Holdings Inc. (NYSE:HRI) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,292 shares of the transportation company’s stock after selling 6,084 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.26% of Herc worth $9,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Herc in the first quarter valued at approximately $11,259,000. D.A. Davidson & CO. boosted its holdings in shares of Herc by 9.6% in the first quarter. D.A. Davidson & CO. now owns 39,246 shares of the transportation company’s stock valued at $5,270,000 after purchasing an additional 3,435 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Herc by 8.0% in the first quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company’s stock valued at $907,000 after purchasing an additional 500 shares during the period. Millennium Management LLC boosted its holdings in shares of Herc by 1,221.2% in the fourth quarter. Millennium Management LLC now owns 40,732 shares of the transportation company’s stock valued at $7,712,000 after purchasing an additional 37,649 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Herc in the fourth quarter valued at approximately $2,359,000. Institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HRI. Robert W. Baird lowered their price target on Herc from $142.00 to $137.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $146.00 price objective (down previously from $171.00) on shares of Herc in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays reduced their price objective on shares of Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Citigroup reduced their price objective on shares of Herc from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Herc has an average rating of “Moderate Buy” and a consensus target price of $144.60.

Herc Stock Performance

Shares of NYSE:HRI opened at $110.44 on Monday. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 128.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.86. Herc Holdings Inc. has a 52 week low of $96.18 and a 52 week high of $246.88. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37. The firm has a 50 day moving average of $127.59 and a 200 day moving average of $137.60.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.58. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $868.23 million. Herc had a return on equity of 20.77% and a net margin of 0.61%. On average, sell-side analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.5%. Herc’s payout ratio is presently 325.58%.

Herc Company Profile

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.