Herc Holdings Inc. $HRI Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,066,722 shares of the transportation company’s stock after selling 34,492 shares during the period. Herc accounts for approximately 1.5% of Gamco Investors INC. ET AL’s holdings, making the stock its 5th largest holding. Gamco Investors INC. ET AL’s holdings in Herc were worth $158,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Invesco Ltd. raised its stake in shares of Herc by 11.2% during the 3rd 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 during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Herc by 86,823.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,335,138 shares of the transportation company’s stock worth $198,108,000 after purchasing an additional 1,333,602 shares in the last quarter. American Century Companies Inc. increased 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 purchasing an additional 97,235 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of 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 in the last quarter. Finally, State Street Corp increased its position in shares of Herc by 18.8% during the second quarter. State Street Corp now owns 784,979 shares of the transportation company’s stock worth $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 Stock Up 0.4%

Shares of NYSE:HRI opened at $138.74 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.24. The business has a fifty day moving average of $113.43 and a two-hundred day moving average of $137.07. The stock has a market cap of $4.63 billion, a P/E ratio of -513.85, a PEG ratio of 25.02 and a beta of 1.90. Herc Holdings Inc. has a 52-week low of $88.45 and a 52-week high of $188.35.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.42. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The firm’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. On average, research analysts expect that Herc Holdings Inc. will post 5.31 earnings per share for the current year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. Herc’s dividend payout ratio is presently -1,037.04%.

Analyst Ratings Changes

Several brokerages recently commented on HRI. KeyCorp dropped their price target on Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Citigroup boosted their price target on Herc from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. dropped their price target on Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Herc in a research report on Tuesday, April 21st. Finally, Zacks Research cut Herc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $165.67.

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.