Herc Holdings Inc. $HRI Shares Purchased by Channing Capital Management LLC

Channing Capital Management LLC increased its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 27.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 535,578 shares of the transportation company’s stock after purchasing an additional 116,233 shares during the period. Herc makes up 2.2% of Channing Capital Management LLC’s portfolio, making the stock its 18th largest holding. Channing Capital Management LLC’s holdings in Herc were worth $71,912,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Xponance Inc. lifted its holdings in Herc by 5.1% in the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company’s stock valued at $298,000 after acquiring an additional 107 shares during the period. Vista Finance LLC lifted its holdings in Herc by 8.0% in the first quarter. Vista Finance LLC now owns 1,590 shares of the transportation company’s stock valued at $213,000 after acquiring an additional 118 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Herc by 11.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,331 shares of the transportation company’s stock valued at $252,000 after acquiring an additional 132 shares during the period. Quarry LP lifted its holdings in Herc by 646.7% in the fourth quarter. Quarry LP now owns 224 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 194 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Herc by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 24,628 shares of the transportation company’s stock valued at $4,663,000 after acquiring an additional 249 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird reduced their target price on Herc from $142.00 to $137.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Citigroup reduced their target price on Herc from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, Barclays reduced their target price on Herc from $250.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.60.

Herc Trading Up 0.1%

NYSE:HRI opened at $122.6790 on Thursday. The company has a market capitalization of $4.08 billion, a PE ratio of 142.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.86. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 4.37. Herc Holdings Inc. has a 52-week low of $96.18 and a 52-week high of $246.88. The stock has a fifty day simple moving average of $127.99 and a 200-day simple moving average of $134.04.

Herc (NYSE:HRI) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.58. The business had revenue of $1 billion during 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, equities research analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 22nd. Herc’s payout ratio is 325.58%.

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.