Natixis Advisors LLC Sells 39,679 Shares of Herc Holdings Inc. $HRI

Natixis Advisors LLC trimmed its stake in Herc Holdings Inc. (NYSE:HRI) by 34.4% during the fourth quarter, Holdings Channel reports. The fund owned 75,829 shares of the transportation company’s stock after selling 39,679 shares during the quarter. Natixis Advisors LLC’s holdings in Herc were worth $11,252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Hantz Financial Services Inc. grew its holdings in 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 last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Herc in the 3rd quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new stake in Herc in the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Herc in the 3rd quarter valued at approximately $40,000. Finally, NewEdge Advisors LLC grew its holdings in Herc by 628.8% in the 3rd quarter. NewEdge Advisors LLC now owns 430 shares of the transportation company’s stock valued at $50,000 after buying an additional 371 shares during the last quarter. 93.11% of the stock is owned by institutional investors.

Herc Stock Down 2.7%

Shares of HRI stock opened at $136.63 on Friday. The stock has a market cap of $4.56 billion, a P/E ratio of -506.02, a price-to-earnings-growth ratio of 24.75 and a beta of 1.89. Herc Holdings Inc. has a one year low of $88.45 and a one year high of $188.35. The stock has a fifty day moving average price of $120.03 and a 200 day moving average price of $136.56. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.46 and a quick ratio of 1.46.

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

Herc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.80 annualized dividend and a yield of 2.0%. Herc’s payout ratio is currently -1,037.04%.

Analysts Set New Price Targets

A number of analysts have issued reports on HRI shares. Robert W. Baird lowered their target price on Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Zacks Research lowered Herc from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Weiss Ratings lowered Herc from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. KeyCorp lowered their target price on Herc from $190.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Finally, Wells Fargo & Company raised their target price on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $165.67.

Herc Company Profile

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.