1,472 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Vista Finance LLC

Vista Finance LLC acquired a new stake in Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,472 shares of the transportation company’s stock, valued at approximately $279,000.

Several other hedge funds also recently made changes to their positions in HRI. Creative Planning increased its position in shares of Herc by 60.3% in the third quarter. Creative Planning now owns 10,848 shares of the transportation company’s stock valued at $1,729,000 after acquiring an additional 4,080 shares during the period. nVerses Capital LLC bought a new position in shares of Herc during the third quarter valued at approximately $159,000. Jade Capital Advisors LLC purchased a new stake in Herc in the third quarter worth $3,189,000. Signaturefd LLC boosted its holdings in Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 61 shares in the last quarter. Finally, TFG Advisers LLC purchased a new position in Herc during the 3rd quarter valued at $200,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Up 3.0 %

Shares of NYSE HRI opened at $201.12 on Friday. Herc Holdings Inc. has a 1 year low of $124.70 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50-day moving average of $198.29 and a 200 day moving average of $182.82. The stock has a market cap of $5.71 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.08 and a beta of 2.04.

Herc (NYSE:HRI) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a net margin of 10.09% and a return on equity of 26.35%. The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. As a group, sell-side analysts expect that Herc Holdings Inc. will post 13.48 EPS for the current fiscal year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.39%. This is an increase from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 18th. Herc’s payout ratio is 21.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HRI shares. Barclays lifted their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $219.75.

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.