Wolverine Asset Management LLC Decreases Holdings in Herc Holdings Inc. (NYSE:HRI)

Wolverine Asset Management LLC lowered its position in Herc Holdings Inc. (NYSE:HRI) by 39.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,167 shares of the transportation company’s stock after selling 747 shares during the quarter. Wolverine Asset Management LLC’s holdings in Herc were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Herc by 27.7% in the 3rd 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. Covestor Ltd boosted its position in Herc by 70.4% during the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after buying an additional 270 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Herc in the third quarter worth about $80,000. Finally, Venturi Wealth Management LLC lifted its stake 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 valued at $140,000 after acquiring an additional 626 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

Shares of NYSE:HRI opened at $163.58 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. The company has a 50-day moving average price of $195.08 and a 200-day moving average price of $184.63. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.61 and a beta of 2.04. Herc Holdings Inc. has a 12 month low of $124.70 and a 12 month high of $246.88.

Herc (NYSE:HRI) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). The business 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 analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 1.71%. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is 37.79%.

Wall Street Analyst Weigh In

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

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.