13,000 Shares in Herc Holdings Inc. $HRI Acquired by Future Fund LLC

Future Fund LLC acquired a new position in Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,000 shares of the transportation company’s stock, valued at approximately $1,929,000.

Several other institutional investors have also recently bought and sold shares of HRI. AQR Capital Management LLC raised its position in Herc by 176.9% in the 1st quarter. AQR Capital Management LLC now owns 25,782 shares of the transportation company’s stock worth $3,462,000 after purchasing an additional 16,470 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Herc by 25.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 263,180 shares of the transportation company’s stock worth $35,337,000 after purchasing an additional 53,054 shares during the last quarter. Cetera Investment Advisers bought a new position in Herc in the 2nd quarter worth approximately $267,000. Federated Hermes Inc. raised its position in Herc by 12,425.7% in the 2nd quarter. Federated Hermes Inc. now owns 20,918 shares of the transportation company’s stock worth $2,755,000 after purchasing an additional 20,751 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Herc by 9.0% in the 2nd quarter. California Public Employees Retirement System now owns 53,728 shares of the transportation company’s stock worth $7,075,000 after purchasing an additional 4,451 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HRI. JPMorgan Chase & Co. dropped their price objective on shares of 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 cut shares of Herc from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. Wells Fargo & Company upped their target price on shares of Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Zacks Research cut shares of Herc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Finally, KeyCorp dropped their target price on shares of Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Five investment 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. According to data from MarketBeat.com, Herc currently has an average rating of “Hold” and a consensus price target of $165.67.

Herc Stock Performance

Shares of Herc stock opened at $133.31 on Friday. The firm has a fifty day moving average of $117.02 and a two-hundred day moving average of $136.70. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -493.76, a PEG ratio of 24.84 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. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.21 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 negative net margin of 0.11% and a positive return on equity of 10.72%. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. As a group, equities research analysts predict that Herc Holdings Inc. will post 5.31 EPS for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.80 annualized dividend and a dividend yield of 2.1%. Herc’s payout ratio is -1,037.04%.

Herc Profile

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.