Herc Holdings Inc. (HRI) to Issue Quarterly Dividend of $0.70 on March 4th

Herc Holdings Inc. (NYSE:HRI) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Wednesday, February 18th will be given a dividend of 0.70 per share by the transportation company on Wednesday, March 4th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, February 18th.

Herc has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Herc to earn $15.12 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 18.5%.

Herc Stock Up 1.4%

NYSE:HRI opened at $171.78 on Friday. The stock has a 50-day simple moving average of $154.36 and a 200 day simple moving average of $137.37. Herc has a 52-week low of $96.18 and a 52-week high of $211.88. The company has a market cap of $5.72 billion, a PE ratio of -68.17, a PEG ratio of 1.57 and a beta of 1.77. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.22 and a current ratio of 1.22.

Institutional Trading of Herc

Several large investors have recently modified their holdings of the stock. Gabelli Funds LLC raised its stake in Herc by 0.6% in the fourth quarter. Gabelli Funds LLC now owns 495,270 shares of the transportation company’s stock valued at $73,488,000 after purchasing an additional 3,020 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in Herc in the 4th quarter valued at about $352,000. Stephens Inc. AR raised its position in shares of Herc by 16.7% in the 4th quarter. Stephens Inc. AR now owns 2,282 shares of the transportation company’s stock valued at $339,000 after buying an additional 326 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Herc by 86,823.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,335,138 shares of the transportation company’s stock worth $198,108,000 after acquiring an additional 1,333,602 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Herc during the 4th quarter worth approximately $935,000. 93.11% of the stock is owned by institutional investors and hedge funds.

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.