Los Angeles Capital Management LLC Invests $1.09 Million in Herc Holdings Inc. (NYSE:HRI)

Los Angeles Capital Management LLC bought a new stake in shares of Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,748 shares of the transportation company’s stock, valued at approximately $1,088,000.

Other large investors have also recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 133 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 valued at $55,000 after purchasing an additional 270 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Herc during the 3rd quarter valued at about $80,000. Venturi Wealth Management LLC boosted its stake in shares of Herc by 564.0% during the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 626 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Herc by 20.1% during the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Herc Stock Down 1.0 %

NYSE:HRI opened at $143.60 on Friday. The firm’s 50-day moving average price is $190.84 and its 200-day moving average price is $184.83. The company has a market capitalization of $4.09 billion, a PE ratio of 19.38, a P/E/G ratio of 1.61 and a beta of 2.04. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a 1-year low of $124.70 and a 1-year high of $246.88.

Herc (NYSE:HRI) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. On average, equities analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current fiscal year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.70 per share. This is a positive change from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is currently 37.79%.

Herc 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.