Sei Investments Co. Has $3.67 Million Holdings in Herc Holdings Inc. $HRI

Sei Investments Co. lifted its position in Herc Holdings Inc. (NYSE:HRI) by 76.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 36,844 shares of the transportation company’s stock after acquiring an additional 16,017 shares during the period. Sei Investments Co.’s holdings in Herc were worth $3,668,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HRI. UBS Group AG grew its position in shares of Herc by 83.2% in the 4th quarter. UBS Group AG now owns 189,925 shares of the transportation company’s stock valued at $28,181,000 after acquiring an additional 86,282 shares during the period. Pier Capital LLC increased its stake in shares of Herc by 21.2% during the 4th quarter. Pier Capital LLC now owns 69,196 shares of the transportation company’s stock worth $10,267,000 after purchasing an additional 12,114 shares during the last quarter. Peregrine Capital Management LLC bought a new stake in shares of Herc in the 1st quarter valued at about $6,234,000. Norges Bank bought a new stake in shares of Herc in the 4th quarter valued at about $287,269,000. Finally, Jennison Associates LLC acquired a new stake in Herc in the 4th quarter valued at about $8,289,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Trading Down 0.1%

Shares of HRI stock opened at $168.61 on Friday. The firm has a 50 day moving average price of $147.38 and a two-hundred day moving average price of $136.80. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.22. The company has a market capitalization of $5.64 billion, a PE ratio of 114.70, a price-to-earnings-growth ratio of 23.44 and a beta of 1.87. Herc Holdings Inc. has a 12-month low of $88.45 and a 12-month high of $188.35.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.67. Herc had a return on equity of 10.33% and a net margin of 1.01%.The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. As a group, analysts predict that Herc Holdings Inc. will post 6.93 earnings per share for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.70 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.80 annualized dividend and a yield of 1.7%. Herc’s payout ratio is 190.48%.

Analyst Ratings Changes

HRI has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price objective on Herc from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. KeyCorp raised their price objective on Herc from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Citigroup lifted their target price on Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, BNP Paribas Exane boosted their target price on Herc from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Herc currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

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.