Tema Etfs LLC Sells 18,389 Shares of Herc Holdings Inc. $HRI

Tema Etfs LLC trimmed its position in Herc Holdings Inc. (NYSE:HRI) by 47.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,183 shares of the transportation company’s stock after selling 18,389 shares during the period. Tema Etfs LLC’s holdings in Herc were worth $2,355,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HRI. Norges Bank purchased a new stake in shares of Herc during the 2nd quarter valued at $242,697,000. Invesco Ltd. raised its position in Herc by 24.2% in the second quarter. Invesco Ltd. now owns 3,709,718 shares of the transportation company’s stock worth $488,533,000 after acquiring an additional 723,239 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Herc by 362.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 700,402 shares of the transportation company’s stock valued at $92,236,000 after acquiring an additional 549,072 shares during the last quarter. American Century Companies Inc. grew its position in shares of Herc by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 1,204,740 shares of the transportation company’s stock valued at $158,653,000 after acquiring an additional 271,532 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Herc by 40.0% during the 2nd quarter. Alliancebernstein L.P. now owns 825,511 shares of the transportation company’s stock worth $108,712,000 after purchasing an additional 235,694 shares during the last quarter. 93.11% of the stock is owned by institutional investors.

Herc Trading Down 2.3%

Herc stock opened at $164.16 on Tuesday. The stock has a market cap of $5.46 billion, a P/E ratio of -65.14, a PEG ratio of 1.58 and a beta of 1.78. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $212.19. The firm’s fifty day moving average price is $145.27 and its 200-day moving average price is $134.91. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22.

Herc (NYSE:HRI) last posted 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 positive return on equity of 16.32% and a negative net margin of 1.68%. Equities research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were given a dividend of $0.70 per share. The ex-dividend date was Monday, December 15th. This represents a $2.80 annualized dividend and a yield of 1.7%. Herc’s payout ratio is presently -111.11%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HRI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Herc in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Citigroup boosted their target price on shares of Herc from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Robert W. Baird set a $200.00 price target on Herc in a report on Wednesday, October 29th. Finally, Wells Fargo & Company assumed coverage on Herc in a research note on Thursday, November 13th. They set an “overweight” rating and a $170.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.86.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.