Hunter Associates Investment Management LLC Has $1.60 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Hunter Associates Investment Management LLC reduced its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,397 shares of the transportation company’s stock after selling 1,952 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Herc were worth $1,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HRI. Signaturefd LLC lifted its holdings in shares of Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in Herc by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock valued at $1,275,000 after acquiring an additional 65 shares in the last quarter. MQS Management LLC boosted its holdings in Herc by 3.8% during the 3rd quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock worth $310,000 after acquiring an additional 71 shares during the last quarter. Stifel Financial Corp boosted its holdings in Herc by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock worth $322,000 after acquiring an additional 80 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in shares of Herc by 0.4% in the 4th quarter. Salem Investment Counselors Inc. now owns 21,126 shares of the transportation company’s stock worth $4,000,000 after acquiring an additional 90 shares in the last quarter. 93.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HRI. The Goldman Sachs Group boosted their target price on Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $219.75.

Herc Trading Up 2.2 %

Shares of HRI opened at $208.12 on Friday. Herc Holdings Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $246.88. The business has a 50-day moving average of $204.07 and a 200 day moving average of $178.28. The firm has a market cap of $5.91 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.05 and a beta of 2.06. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Monday, December 16th. Herc’s dividend payout ratio (DPR) is currently 21.75%.

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.