Alberta Investment Management Corp Sells 1,416 Shares of Herc Holdings Inc. (NYSE:HRI)

Alberta Investment Management Corp cut its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 19.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,879 shares of the transportation company’s stock after selling 1,416 shares during the period. Alberta Investment Management Corp’s holdings in Herc were worth $1,113,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HRI. Signaturefd LLC raised its holdings in shares of 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 purchasing an additional 61 shares during the last quarter. Covestor Ltd increased its stake in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after buying an additional 270 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Herc in the 3rd quarter worth approximately $80,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Herc by 564.0% in the fourth quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 626 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Performance

NYSE HRI opened at $163.58 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.62 and a beta of 2.04. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. Herc Holdings Inc. has a 52-week low of $124.70 and a 52-week high of $246.88. The company has a 50-day simple moving average of $195.97 and a 200 day simple moving average of $183.70.

Herc (NYSE:HRI) last issued its quarterly 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 return on equity of 26.48% and a net margin of 5.91%. The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $919.84 million. On average, research analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is currently 37.79%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $219.75.

Herc Company Profile

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.