Lisanti Capital Growth LLC Buys Shares of 11,665 Herc Holdings Inc. (NYSE:HRI)

Lisanti Capital Growth LLC purchased a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,665 shares of the transportation company’s stock, valued at approximately $1,737,000.

Several other large investors have also made changes to their positions in the company. Signaturefd LLC raised its stake 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 holdings in shares of Herc by 576.1% during 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 last quarter. CWM LLC increased its position 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 bought a new position in Herc in the 4th quarter valued at approximately $108,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Herc in the third quarter valued at approximately $173,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Trading Up 0.1 %

NYSE HRI traded up $0.13 on Tuesday, reaching $147.99. The company had a trading volume of 154,292 shares, compared to its average volume of 200,875. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 0.72 and a beta of 2.27. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.51 and a quick ratio of 1.51. Herc Holdings Inc. has a fifty-two week low of $98.53 and a fifty-two week high of $171.00. The business has a 50 day moving average of $158.83 and a two-hundred day moving average of $143.54.

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

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Wednesday, February 21st were given a $0.665 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from Herc’s previous quarterly dividend of $0.63. Herc’s payout ratio is 21.97%.

Analysts Set New Price Targets

HRI has been the subject of several research analyst reports. StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. The Goldman Sachs Group increased their target price on Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Robert W. Baird boosted their price target on Herc from $117.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. One research 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, Herc presently has an average rating of “Hold” and an average price target of $152.50.

Insider Activity

In related news, COO Aaron Birnbaum sold 5,844 shares of Herc stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total transaction of $890,216.52. Following the completion of the transaction, the chief operating officer now owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $564,009.50. Following the transaction, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Aaron Birnbaum sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total transaction of $890,216.52. Following the sale, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at approximately $7,347,180.56. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

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.