Oak Ridge Investments LLC Sells 851 Shares of Herc Holdings Inc. $HRI

Oak Ridge Investments LLC trimmed its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,346 shares of the transportation company’s stock after selling 851 shares during the period. Oak Ridge Investments LLC owned approximately 0.06% of Herc worth $2,416,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HRI. Handelsbanken Fonder AB boosted its holdings in shares of Herc by 8.0% during the 1st quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company’s stock worth $907,000 after buying an additional 500 shares in the last quarter. Vista Finance LLC lifted its holdings in shares of Herc by 8.0% in the 1st quarter. Vista Finance LLC now owns 1,590 shares of the transportation company’s stock worth $213,000 after purchasing an additional 118 shares in the last quarter. Midwest Financial Group LLC lifted its holdings in shares of Herc by 21.4% in the 1st quarter. Midwest Financial Group LLC now owns 1,603 shares of the transportation company’s stock worth $215,000 after purchasing an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Herc in the 1st quarter worth $11,259,000. Finally, Cannon Global Investment Management LLC lifted its holdings in shares of Herc by 33.3% in the 1st quarter. Cannon Global Investment Management LLC now owns 2,000 shares of the transportation company’s stock worth $269,000 after purchasing an additional 500 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Baird R W upgraded Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Robert W. Baird set a $160.00 target price on Herc and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Herc in a research note on Wednesday. Finally, Citigroup dropped their price objective on Herc from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.20.

Herc Price Performance

Shares of NYSE:HRI opened at $117.85 on Friday. Herc Holdings Inc. has a 1-year low of $96.18 and a 1-year high of $246.88. The stock has a market cap of $3.92 billion, a PE ratio of 137.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.81. The stock’s fifty day simple moving average is $124.72 and its two-hundred day simple moving average is $125.42. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37.

Herc (NYSE:HRI) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share for the quarter. The company had revenue of $745.00 million for the quarter. Herc had a net margin of 0.61% and a return on equity of 20.77%. As a group, analysts forecast that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.70 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.80 annualized dividend and a yield of 2.4%. Herc’s dividend payout ratio is presently 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.