Impax Asset Management Group plc Has $52.68 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

Impax Asset Management Group plc lessened its position in shares of Herc Holdings Inc. (NYSE:HRI) by 27.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 281,104 shares of the transportation company’s stock after selling 104,428 shares during the quarter. Impax Asset Management Group plc owned approximately 0.99% of Herc worth $52,684,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 61 shares in the last quarter. Chartwell Investment Partners LLC increased 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 purchasing an additional 65 shares in the last quarter. MQS Management LLC raised its holdings in Herc by 3.8% during the third quarter. MQS Management LLC now owns 1,945 shares of the transportation company’s stock worth $310,000 after buying an additional 71 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Herc by 4.1% during the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company’s stock valued at $322,000 after buying an additional 80 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in shares of Herc by 0.4% during the fourth 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. Institutional investors own 93.11% of the company’s stock.

Analysts Set New Price Targets

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

Herc Stock Performance

HRI stock opened at $163.58 on Monday. The business has a 50 day moving average of $195.08 and a 200-day moving average of $184.63. The firm has a market cap of $4.65 billion, a PE ratio of 22.08, a P/E/G 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. 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 (NYSE:HRI) last issued its quarterly 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 analysts’ expectations of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. As a group, sell-side analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.70 dividend. This is an increase from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, February 18th. Herc’s dividend payout ratio (DPR) is currently 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.