One Capital Management LLC Invests $1.93 Million in Herc Holdings Inc. $HRI

One Capital Management LLC purchased a new position in shares of Herc Holdings Inc. (NYSE:HRI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,000 shares of the transportation company’s stock, valued at approximately $1,929,000.

Several other institutional investors and hedge funds have also modified their holdings of HRI. Hantz Financial Services Inc. boosted its stake in shares of Herc by 342.1% during 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 during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Herc during the 3rd quarter worth $31,000. Advisory Services Network LLC purchased a new position in shares of Herc during the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Herc during the 3rd quarter worth $40,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Herc by 628.8% during 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 during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Performance

Shares of NYSE HRI opened at $128.13 on Wednesday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $4.28 billion, a P/E ratio of -474.56, a P/E/G ratio of 23.50 and a beta of 1.89. The firm’s fifty day moving average is $117.55 and its two-hundred day moving average is $136.59. Herc Holdings Inc. has a 52-week low of $88.45 and a 52-week high of $188.35.

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

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, May 29th. Herc’s payout ratio is currently -1,037.04%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Citigroup lifted their target price on shares of Herc from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Herc from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. KeyCorp lowered their target price on shares of Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Finally, Zacks Research cut shares of Herc from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Herc has an average rating of “Hold” and an average price target of $165.67.

About Herc

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.