Herc Holdings Inc. $HRI Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its stake in Herc Holdings Inc. (NYSE:HRI) by 2.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,113,836 shares of the transportation company’s stock after acquiring an additional 25,634 shares during the quarter. Herc accounts for about 1.4% of Gamco Investors INC. ET AL’s portfolio, making the stock its 6th largest position. Gamco Investors INC. ET AL’s holdings in Herc were worth $146,681,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HRI. University of Texas Texas AM Investment Management Co. bought a new position in Herc during the 2nd quarter valued at $36,000. Byrne Asset Management LLC acquired a new stake in shares of Herc in the 2nd quarter valued at about $45,000. FNY Investment Advisers LLC acquired a new stake in shares of Herc in the 2nd quarter valued at about $47,000. AlphaQuest LLC lifted its position in shares of Herc by 158.2% during the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock worth $48,000 after purchasing an additional 223 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Herc by 114.7% in the second quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock worth $77,000 after purchasing an additional 312 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Down 0.2%

NYSE:HRI opened at $141.42 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.28. The stock has a 50 day moving average of $130.95 and a 200-day moving average of $128.64. The firm has a market capitalization of $4.71 billion, a PE ratio of -56.12, a price-to-earnings-growth ratio of 1.43 and a beta of 1.81. Herc Holdings Inc. has a 52 week low of $96.18 and a 52 week high of $235.40.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. The business had revenue of $745.00 million during the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%. Analysts predict that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. Herc’s payout ratio is -111.11%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HRI. JPMorgan Chase & Co. boosted their price objective on Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Baird R W upgraded Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Citigroup upped their price target on Herc from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company initiated coverage on shares of Herc in a report on Thursday, November 13th. They issued an “overweight” rating and a $170.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Herc has an average rating of “Moderate Buy” and a consensus price target of $164.33.

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.