Herc Holdings Inc. $HRI Shares Acquired by Argent Capital Management LLC

Argent Capital Management LLC lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,040 shares of the transportation company’s stock after buying an additional 361 shares during the quarter. Argent Capital Management LLC’s holdings in Herc were worth $927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC grew its position in shares of Herc by 1,831.3% during the first quarter. Larson Financial Group LLC now owns 309 shares of the transportation company’s stock worth $41,000 after buying an additional 293 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of Herc during the second quarter worth about $45,000. Caption Management LLC acquired a new position in shares of Herc during the first quarter worth about $91,000. New Age Alpha Advisors LLC acquired a new position in shares of Herc during the first quarter worth about $118,000. Finally, CWM LLC grew its position in shares of Herc by 114.4% during the first quarter. CWM LLC now owns 1,042 shares of the transportation company’s stock worth $140,000 after buying an additional 556 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research raised Herc from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Citigroup lowered their price target on Herc from $170.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.60.

Herc Price Performance

Herc stock opened at $124.37 on Tuesday. Herc Holdings Inc. has a 12 month low of $96.18 and a 12 month high of $246.88. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day simple moving average of $127.90 and a 200-day simple moving average of $126.40. The stock has a market capitalization of $4.13 billion, a PE ratio of 144.61, a price-to-earnings-growth ratio of 1.40 and a beta of 1.83.

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

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were 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 was Friday, August 22nd. Herc’s dividend payout ratio is 325.58%.

Herc 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.