Ruffer LLP Invests $3.67 Million in Herc Holdings Inc. (NYSE:HRI)

Ruffer LLP bought a new stake in Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,361 shares of the transportation company’s stock, valued at approximately $3,665,000. Ruffer LLP owned approximately 0.07% of Herc as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in Herc by 878.9% during the fourth quarter. Jones Financial Companies Lllp now owns 186 shares of the transportation company’s stock worth $35,000 after buying an additional 167 shares during the period. Covestor Ltd lifted its stake in Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after acquiring an additional 133 shares during the period. Farther Finance Advisors LLC grew its stake in Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 270 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Herc by 54.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 368 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 130 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Herc in the third quarter valued at about $80,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Price Performance

HRI opened at $131.31 on Friday. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88. The stock’s 50-day moving average price is $184.91 and its 200 day moving average price is $184.69. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.61 and a beta of 2.14. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI) last announced its quarterly earnings data 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 company had revenue of $934.00 million for the quarter, compared to analyst estimates 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 declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.70 per share. This is a positive change from Herc’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.13%. Herc’s payout ratio is 37.79%.

Wall Street Analysts Forecast Growth

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

About Herc

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.