Counterpoint Mutual Funds LLC Makes New $367,000 Investment in Herc Holdings Inc. (NYSE:HRI)

Counterpoint Mutual Funds LLC acquired a new position in Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,936 shares of the transportation company’s stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in shares of Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 167 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Herc by 54.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 130 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Herc during the third quarter valued at approximately $80,000. Farther Finance Advisors LLC increased its stake in shares of Herc by 34.1% during the fourth quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 117 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Herc by 20.1% during the third quarter. KBC Group NV now owns 854 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 143 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their target price on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $219.75.

Herc Price Performance

Shares of HRI opened at $128.51 on Tuesday. The company has a market capitalization of $3.66 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The firm has a 50 day moving average of $177.53 and a 200 day moving average of $184.31. Herc Holdings Inc. has a twelve month low of $119.60 and a twelve month high of $246.88.

Herc (NYSE:HRI) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. As a group, equities research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Herc Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.18%. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio (DPR) is 37.79%.

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.