8,420 Shares in Herc Holdings Inc. $HRI Bought by Yousif Capital Management LLC

Yousif Capital Management LLC bought a new stake in shares of Herc Holdings Inc. (NYSE:HRI) during the 3rd quarter, Holdings Channel reports. The fund bought 8,420 shares of the transportation company’s stock, valued at approximately $1,051,000.

Other hedge funds have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new stake in Herc in the third quarter worth $415,000. Blue Zone Wealth Advisors LLC boosted its holdings in Herc by 0.3% in the third quarter. Blue Zone Wealth Advisors LLC now owns 41,732 shares of the transportation company’s stock valued at $5,208,000 after acquiring an additional 142 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Herc by 215.0% in the third quarter. State of Alaska Department of Revenue now owns 6,389 shares of the transportation company’s stock valued at $796,000 after acquiring an additional 4,361 shares in the last quarter. Diversified Management Inc. purchased a new position in Herc during the 3rd quarter valued at $386,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Herc during the 2nd quarter valued at $68,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Herc

Here are the key news stories impacting Herc this week:

• Positive Sentiment: Strong earnings beat: Herc reported third-quarter adjusted earnings of $3.91 per share, well above the $2.92 analyst consensus. Revenue reached approximately $1.36 billion, up 4.6% year over year and slightly ahead of expectations. Why Herc Holdings Stock Surged This Week
• Positive Sentiment: Improved rental economics: Equipment rental revenue increased 12% despite fleet growth of less than 2%, indicating better utilization and operating efficiency. These results helped drive the stock’s recent gains. HRI Q3 Deep Dive
• Positive Sentiment: Favorable growth outlook: Expansion in specialty equipment and demand tied to large infrastructure and industrial projects are improving management’s outlook and could support future revenue and margins. HRI Q3 Deep Dive
• Positive Sentiment: Analyst support: Analysts at Robert W. Baird, JPMorgan, BNP Paribas Exane and Citigroup issued positive forecasts or indicated potential for further appreciation, reinforcing bullish sentiment. Baird Forecast
• Neutral Sentiment: Momentum remains strong: Zacks highlighted HRI as a strong momentum stock, while reports noted that it has outperformed many transportation-related peers. Momentum-based interest may continue attracting investors. Why Herc Is a Strong Momentum Stock
• Negative Sentiment: Profit-taking and financial risk: After rising substantially toward its 52-week high, HRI may face short-term selling pressure. Its elevated debt-to-equity ratio and relatively modest net margin remain risks, particularly if equipment demand or rental pricing weakens.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Herc from $176.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herc in a research note on Monday, October 26th. BNP Paribas Exane lifted their target price on shares of Herc from $165.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Herc from $165.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Herc from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $201.57.

Herc Trading Down 5.0%

HRI opened at $165.24 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.08 and a debt-to-equity ratio of 4.08. Herc Holdings Inc. has a 52 week low of $88.45 and a 52 week high of $188.35. The stock has a market cap of $5.53 billion, a PE ratio of 45.02 and a beta of 2.04. The business has a 50 day moving average of $139.30 and a 200-day moving average of $139.39.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 27th. The transportation company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.99. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Herc had a return on equity of 13.21% and a net margin of 2.50%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. Equities research analysts predict that Herc Holdings Inc. will post 7.87 earnings per share for the current fiscal year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 2nd. Herc’s payout ratio is 76.29%.

About Herc

Herc Holdings Inc, operating primarily through the Herc Rentals brand, is an equipment rental supplier serving construction, industrial, commercial and government customers. The company provides access to equipment and related services intended to help customers complete projects without purchasing and maintaining their own fleets.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power generation and climate-control equipment, pumps, and general tools.