Herc Holdings Inc. $HRI Shares Acquired by Phocas Financial Corp.

Phocas Financial Corp. lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,869 shares of the transportation company’s stock after purchasing an additional 5,779 shares during the period. Phocas Financial Corp.’s holdings in Herc were worth $7,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. grew its position in shares of Herc by 11.2% during the third quarter. Invesco Ltd. now owns 4,123,437 shares of the transportation company’s stock worth $481,040,000 after buying an additional 413,719 shares in the last quarter. American Century Companies Inc. grew its position in shares of Herc by 8.1% during the third quarter. American Century Companies Inc. now owns 1,301,975 shares of the transportation company’s stock worth $151,889,000 after buying an additional 97,235 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Herc by 34.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 943,722 shares of the transportation company’s stock worth $110,095,000 after buying an additional 243,320 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Herc by 40.0% during the second 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. Finally, State Street Corp boosted its holdings in Herc by 18.8% in the second quarter. State Street Corp now owns 784,979 shares of the transportation company’s stock valued at $103,374,000 after purchasing an additional 124,136 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

HRI stock opened at $103.56 on Wednesday. The company has a market capitalization of $3.46 billion, a P/E ratio of -575.33, a PEG ratio of 14.03 and a beta of 1.81. Herc Holdings Inc. has a twelve month low of $88.45 and a twelve month high of $188.35. The business has a 50 day simple moving average of $127.30 and a 200-day simple moving average of $137.08. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 4.17.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, February 17th. The transportation company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.The company’s revenue was up 27.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.58 earnings per share. As a group, equities analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, February 18th. Herc’s dividend payout ratio is presently -1,555.56%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HRI shares. Robert W. Baird lowered their price target on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Citigroup lowered their price target on Herc from $165.00 to $135.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a report on Thursday, January 22nd. Wells Fargo & Company lowered their price target on Herc from $189.00 to $160.00 and set an “overweight” rating for the company in a report on Monday. Finally, Barclays upped their price target on Herc from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.71.

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.