John G Ullman & Associates Inc. Cuts Stock Position in Herc Holdings Inc. (NYSE:HRI)

John G Ullman & Associates Inc. lowered its holdings in Herc Holdings Inc. (NYSE:HRI) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,946 shares of the transportation company’s stock after selling 1,925 shares during the period. John G Ullman & Associates Inc. owned about 0.11% of Herc worth $6,048,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position 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 buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after acquiring an additional 270 shares during the last quarter. Truvestments Capital LLC bought a new position in Herc in the 3rd quarter worth about $80,000. Venturi Wealth Management LLC increased its stake in Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after acquiring an additional 626 shares during the last quarter. Finally, KBC Group NV increased its stake in Herc by 20.1% in the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company’s stock worth $136,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Shares of Herc stock opened at $143.60 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $4.09 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.61 and a beta of 2.04. The business’s 50-day moving average price is $190.84 and its 200-day moving average price is $184.83. Herc Holdings Inc. has a 12 month low of $124.70 and a 12 month high of $246.88.

Herc (NYSE:HRI) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. Sell-side analysts forecast 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. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a dividend yield of 1.95%. Herc’s dividend payout ratio is 37.79%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note 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, the stock currently 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.