One Capital Management LLC Purchases Shares of 13,000 Herc Holdings Inc. $HRI

One Capital Management LLC bought a new position in Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 13,000 shares of the transportation company’s stock, valued at approximately $1,929,000.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased 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 worth $25,000 after buying an additional 130 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Herc in the 3rd quarter worth about $31,000. Advisory Services Network LLC bought a new stake in shares of Herc in the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Herc in the 3rd quarter worth about $40,000. Finally, NewEdge Advisors LLC increased its holdings in shares of 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 buying an additional 371 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HRI shares. JPMorgan Chase & Co. reduced their target price on shares of Herc from $165.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company boosted their target price on shares of Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Zacks Research downgraded shares of Herc from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Robert W. Baird reduced their target price on shares of Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Finally, Citigroup upped their price target on shares of Herc from $135.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $165.67.

Herc Stock Performance

Shares of NYSE:HRI opened at $128.13 on Wednesday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -474.56, a PEG ratio of 23.50 and a beta of 1.89. Herc Holdings Inc. has a 12 month low of $88.45 and a 12 month high of $188.35. The firm’s 50-day moving average is $117.55 and its 200 day moving average is $136.59. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.24.

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

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. Herc’s payout ratio is -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.