Foundry Partners LLC Sells 7,074 Shares of Herc Holdings Inc. (NYSE:HRI)

Foundry Partners LLC decreased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,590 shares of the transportation company’s stock after selling 7,074 shares during the period. Foundry Partners LLC owned approximately 0.08% of Herc worth $4,466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of Herc by 878.9% during the 4th quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 167 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Herc by 53.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 80 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in 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 during the last quarter. Farther Finance Advisors LLC grew its stake in Herc by 34.1% in the 4th quarter. Farther Finance Advisors LLC now owns 460 shares of the transportation company’s stock worth $87,000 after buying an additional 117 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Herc by 564.0% in the 4th quarter. Venturi Wealth Management LLC now owns 737 shares of the transportation company’s stock worth $140,000 after buying an additional 626 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Price Performance

Shares of NYSE:HRI opened at $122.47 on Friday. The company’s fifty day moving average is $160.31 and its 200 day moving average is $183.49. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a 52 week low of $114.74 and a 52 week high of $246.88. The stock has a market cap of $3.49 billion, a PE ratio of 16.53, a PEG ratio of 1.61 and a beta of 1.93.

Herc (NYSE:HRI) last released its earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The company had revenue of $934.00 million during 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%. Research analysts anticipate that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio is 37.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HRI. Citigroup started coverage on shares of Herc in a report on Monday, March 24th. They set a “buy” rating and a $165.00 price objective for the company. The Goldman Sachs Group cut their price objective on Herc from $234.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Herc presently has a consensus rating of “Moderate Buy” and an average price target of $202.20.

Herc 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.