Lido Advisors LLC Has $310,000 Stock Position in Herc Holdings Inc. $HRI

Lido Advisors LLC lessened its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 59.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,118 shares of the transportation company’s stock after selling 4,492 shares during the quarter. Lido Advisors LLC’s holdings in Herc were worth $310,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HRI. Hantz Financial Services Inc. raised its stake in Herc by 342.1% during the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock worth $25,000 after buying an additional 130 shares during the period. Advisory Services Network LLC bought a new position in Herc in the third quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Herc in the third quarter valued at approximately $40,000. NewEdge Advisors LLC grew its stake in Herc by 628.8% in the third quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 371 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Herc by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 111 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of Herc stock opened at $150.22 on Friday. Herc Holdings Inc. has a 52 week low of $88.45 and a 52 week high of $188.35. The company has a quick ratio of 1.46, a current ratio of 1.10 and a debt-to-equity ratio of 4.22. The business has a 50 day moving average price of $144.75 and a 200-day moving average price of $136.77. The company has a market cap of $5.02 billion, a PE ratio of 102.19, a price-to-earnings-growth ratio of 27.26 and a beta of 1.88.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, July 28th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.67. Herc had a return on equity of 10.33% and a net margin of 1.01%.The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. Herc’s quarterly revenue was up 20.2% on a year-over-year basis. Equities analysts anticipate that Herc Holdings Inc. will post 6.93 earnings per share for the current fiscal year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, May 29th. This represents a $2.80 annualized dividend and a yield of 1.9%. Herc’s dividend payout ratio (DPR) is 190.48%.

Analysts Set New Price Targets

HRI has been the topic of a number of recent research reports. BNP Paribas Exane increased their target price on Herc from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday. Zacks Research upgraded shares of Herc from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Citigroup boosted their price target on shares of Herc from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. KeyCorp upped their price objective on shares of Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Herc Company Profile

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.