Herc Holdings Inc. $HRI Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in Herc Holdings Inc. (NYSE:HRI) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 114,375 shares of the transportation company’s stock after selling 2,943 shares during the quarter. Allianz Asset Management GmbH’s holdings in Herc were worth $15,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC boosted its position in Herc by 28.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,955 shares of the transportation company’s stock valued at $526,000 after buying an additional 883 shares during the period. Johnson Investment Counsel Inc. boosted its position in Herc by 10.5% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,215 shares of the transportation company’s stock valued at $292,000 after buying an additional 210 shares during the period. Blue Zone Wealth Advisors LLC purchased a new position in Herc in the 2nd quarter valued at approximately $836,000. KLP Kapitalforvaltning AS boosted its position in Herc by 27.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,523 shares of the transportation company’s stock valued at $859,000 after buying an additional 1,423 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Herc by 362.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 700,402 shares of the transportation company’s stock valued at $92,236,000 after buying an additional 549,072 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

NYSE HRI opened at $128.30 on Tuesday. The company has a debt-to-equity ratio of 4.37, a current ratio of 1.15 and a quick ratio of 1.15. Herc Holdings Inc. has a 1 year low of $96.18 and a 1 year high of $246.88. The company has a market capitalization of $4.26 billion, a PE ratio of 149.18, a P/E/G ratio of 1.40 and a beta of 1.81. The company has a fifty day moving average of $126.27 and a two-hundred day moving average of $124.99.

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

Herc Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 22nd. Herc’s payout ratio is 325.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Herc from $127.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a research report on Wednesday, October 8th. Baird R W upgraded shares of Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Robert W. Baird set a $160.00 price objective on shares of Herc and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Citigroup decreased 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Herc currently has an average rating of “Moderate Buy” and an average price target of $149.20.

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.