Future Fund LLC Takes $1.93 Million Position in Herc Holdings Inc. $HRI

Future Fund LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,000 shares of the transportation company’s stock, valued at approximately $1,929,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in shares of Herc by 342.1% in the 4th quarter. Hantz Financial Services Inc. now owns 168 shares of the transportation company’s stock valued at $25,000 after buying an additional 130 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Herc in the 3rd quarter worth $31,000. Advisory Services Network LLC acquired a new position in Herc in the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new position in Herc in the 3rd quarter worth $40,000. Finally, NewEdge Advisors LLC boosted its stake in Herc by 628.8% in the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock worth $50,000 after purchasing an additional 371 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Ratings Changes

HRI has been the subject of a number of research analyst reports. Zacks Research lowered shares of Herc from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of Herc from $165.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. KeyCorp reduced their price objective on shares of Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Citigroup upped their target price on shares of Herc from $135.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Herc from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Herc presently has a consensus rating of “Hold” and a consensus price target of $165.67.

Herc Stock Down 2.8%

Shares of HRI stock opened at $133.31 on Friday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s 50-day moving average is $117.02 and its 200-day moving average is $136.70. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of -493.76, a PEG ratio of 24.84 and a beta of 1.90. Herc Holdings Inc. has a 52-week low of $88.45 and a 52-week high of $188.35.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.42. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Herc had a negative net margin of 0.11% and a positive return on equity of 10.72%. Herc’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. Sell-side analysts predict that Herc Holdings Inc. will post 5.31 EPS for the current year.

Herc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Herc’s dividend payout ratio is presently -1,037.04%.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.