Herc Holdings Inc. $HRI Stake Cut by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in Herc Holdings Inc. (NYSE:HRI) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,829 shares of the transportation company’s stock after selling 39,679 shares during the period. Natixis Advisors LLC owned about 0.23% of Herc worth $11,252,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HRI. Hantz Financial Services Inc. lifted its stake in Herc by 342.1% in the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock worth $25,000 after acquiring an additional 130 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Herc in the 3rd quarter worth about $31,000. Advisory Services Network LLC purchased a new stake in Herc in the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Herc in the 3rd quarter worth about $40,000. Finally, NewEdge Advisors LLC lifted its stake in Herc by 628.8% in the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock worth $50,000 after acquiring an additional 371 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Stock Down 2.7%

HRI opened at $136.63 on Friday. Herc Holdings Inc. has a fifty-two week low of $88.45 and a fifty-two week high of $188.35. The business has a 50-day moving average of $120.03 and a 200-day moving average of $136.56. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $4.56 billion, a PE ratio of -506.02, a price-to-earnings-growth ratio of 24.75 and a beta of 1.89.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business earned $1.30 EPS. The business’s quarterly revenue was up 32.3% on a year-over-year basis. Equities research analysts forecast that Herc Holdings Inc. will post 5.31 EPS for the current fiscal year.

Herc Announces Dividend

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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. Herc’s dividend payout ratio (DPR) is -1,037.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. KeyCorp reduced their price objective on Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Zacks Research downgraded Herc from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Robert W. Baird cut their price target on Herc from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company raised their price target on Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $165.67.

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.