VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $922,000 Investment in Herc Holdings Inc. $HRI

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,002 shares of the transportation company’s stock, valued at approximately $922,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Herc by 3.1% during the first quarter. Vanguard Group Inc. now owns 3,163,221 shares of the transportation company’s stock worth $424,726,000 after purchasing an additional 96,329 shares during the period. Invesco Ltd. boosted its position in Herc by 104.7% during the first quarter. Invesco Ltd. now owns 2,986,479 shares of the transportation company’s stock worth $400,995,000 after purchasing an additional 1,527,244 shares during the period. Coliseum Capital Management LLC boosted its position in Herc by 213.4% during the first quarter. Coliseum Capital Management LLC now owns 1,309,989 shares of the transportation company’s stock worth $175,892,000 after purchasing an additional 891,979 shares during the period. American Century Companies Inc. lifted its holdings in shares of Herc by 14.9% during the first quarter. American Century Companies Inc. now owns 933,208 shares of the transportation company’s stock worth $125,302,000 after buying an additional 120,938 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Herc by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 825,120 shares of the transportation company’s stock worth $110,796,000 after buying an additional 92,019 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

Shares of NYSE HRI opened at $128.53 on Friday. The business has a fifty day simple moving average of $126.51 and a 200 day simple moving average of $125.12. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 149.45, a PEG ratio of 1.57 and a beta of 1.81. 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 business had revenue of $745.00 million during the quarter. Herc had a return on equity of 20.77% and a net margin of 0.61%. Sell-side analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current 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 paid a dividend of $0.70 per share. 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%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HRI. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. JPMorgan Chase & Co. upped their price target on Herc from $127.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. 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 price target on Herc and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Herc has a consensus rating of “Moderate Buy” and an average price target 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.