D.A. Davidson & CO. Sells 86 Shares of Herc Holdings Inc. $HRI

D.A. Davidson & CO. trimmed its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 0.2% in the 2nd quarter, Holdings Channel reports. The firm owned 39,160 shares of the transportation company’s stock after selling 86 shares during the quarter. D.A. Davidson & CO.’s holdings in Herc were worth $5,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Xponance Inc. lifted its stake in Herc by 5.1% in the first quarter. Xponance Inc. now owns 2,223 shares of the transportation company’s stock worth $298,000 after acquiring an additional 107 shares during the period. Midwest Financial Group LLC lifted its stake in Herc by 12.5% in the second quarter. Midwest Financial Group LLC now owns 1,803 shares of the transportation company’s stock worth $237,000 after acquiring an additional 200 shares during the period. Johnson Investment Counsel Inc. lifted its stake in Herc by 10.5% in the second quarter. Johnson Investment Counsel Inc. now owns 2,215 shares of the transportation company’s stock worth $292,000 after acquiring an additional 210 shares during the period. Bailard Inc. lifted its stake in Herc by 7.0% in the first quarter. Bailard Inc. now owns 3,947 shares of the transportation company’s stock worth $530,000 after acquiring an additional 259 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Herc by 1,831.3% in the first quarter. Larson Financial Group LLC now owns 309 shares of the transportation company’s stock worth $41,000 after acquiring an additional 293 shares during the period. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

Shares of Herc stock opened at $128.53 on Friday. The company has a market capitalization of $4.27 billion, a PE ratio of 149.45, a P/E/G ratio of 1.57 and a beta of 1.81. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day simple moving average of $126.51 and a two-hundred day simple moving average of $125.12. Herc Holdings Inc. has a one year low of $96.18 and a one year high of $246.88.

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

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, August 22nd. Herc’s dividend payout ratio is currently 325.58%.

Analyst Ratings Changes

HRI has been the subject of a number of research reports. Baird R W raised shares of Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup lowered 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. Robert W. Baird set a $160.00 price objective on shares of Herc and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of Herc from $127.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Finally, Zacks Research upgraded shares of Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.20.

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.