Channing Capital Management LLC Boosts Stake in Herc Holdings Inc. (NYSE:HRI)

Channing Capital Management LLC increased its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 499,502 shares of the transportation company’s stock after purchasing an additional 45,952 shares during the period. Herc makes up approximately 2.2% of Channing Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Channing Capital Management LLC owned about 1.77% of Herc worth $74,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HRI. Signaturefd LLC lifted its holdings in Herc by 213.3% during the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after acquiring an additional 160 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Herc by 576.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 265 shares during the period. CWM LLC increased its stake in Herc by 45.3% during the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after purchasing an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Herc during the 4th quarter worth approximately $108,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Herc in the third quarter valued at approximately $173,000. Institutional investors own 93.11% of the company’s stock.

Insider Activity at Herc

In other Herc news, SVP Tamir Peres sold 3,545 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $159.10, for a total value of $564,009.50. Following the completion of the sale, the senior vice president now owns 41,236 shares in the company, valued at $6,560,647.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Herc news, SVP Tamir Peres sold 3,545 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction of $564,009.50. Following the transaction, the senior vice president now owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Aaron Birnbaum sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the sale, the chief operating officer now owns 48,232 shares in the company, valued at approximately $7,347,180.56. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HRI shares. The Goldman Sachs Group raised their price objective on shares of Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com lowered Herc from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Robert W. Baird increased their price objective on Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.50.

Herc Stock Down 1.1 %

HRI stock traded down $1.66 during midday trading on Friday, hitting $146.90. The company’s stock had a trading volume of 209,430 shares, compared to its average volume of 244,438. The company’s fifty day moving average price is $158.91 and its 200 day moving average price is $143.26. Herc Holdings Inc. has a twelve month low of $93.97 and a twelve month high of $171.00. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $4.17 billion, a P/E ratio of 12.13, a PEG ratio of 0.72 and a beta of 2.27.

Herc (NYSE:HRI) last released its earnings results on Tuesday, February 13th. The transportation company reported $3.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.05). The company had revenue of $831.00 million for the quarter, compared to the consensus estimate of $858.06 million. Herc had a return on equity of 28.68% and a net margin of 10.31%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.44 EPS. As a group, equities research analysts predict that Herc Holdings Inc. will post 14.59 EPS for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Wednesday, February 21st were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, February 20th. This is an increase from Herc’s previous quarterly dividend of $0.63. Herc’s dividend payout ratio is presently 21.97%.

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.