O Brien Greene & Co. Inc Takes Position in Herc Holdings Inc. (NYSE:HRI)

O Brien Greene & Co. Inc purchased a new stake in shares of Herc Holdings Inc. (NYSE:HRI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,000 shares of the transportation company’s stock, valued at approximately $893,000.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Herc by 213.3% during the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 160 shares during the last quarter. CWM LLC lifted its position in Herc by 45.3% in the fourth quarter. CWM LLC now owns 359 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 112 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Herc in the fourth quarter valued at approximately $108,000. DekaBank Deutsche Girozentrale bought a new stake in Herc in the third quarter valued at approximately $173,000. Finally, Legato Capital Management LLC bought a new stake in Herc in the fourth quarter valued at approximately $202,000. Institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HRI shares. The Goldman Sachs Group boosted their target price on Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com raised Herc from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird boosted their target price on Herc from $117.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $152.50.

Herc Price Performance

Shares of HRI stock opened at $152.27 on Friday. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.75 and a beta of 2.27. The business’s fifty day moving average is $159.08 and its 200 day moving average is $141.60. Herc Holdings Inc. has a twelve month low of $93.97 and a twelve month high of $171.00. The company has a quick ratio of 1.44, a current ratio of 1.51 and a debt-to-equity ratio of 2.95.

Herc (NYSE:HRI) last released its earnings results on Tuesday, February 13th. The transportation company reported $3.24 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.05). Herc had a return on equity of 28.68% and a net margin of 10.31%. The company had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $858.06 million. During the same period in the prior year, the company posted $3.44 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Research analysts expect that Herc Holdings Inc. will post 14.59 EPS for the current fiscal year.

Herc Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Wednesday, February 21st were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This is a boost from Herc’s previous quarterly dividend of $0.63. This represents a $2.66 annualized dividend and a dividend yield of 1.75%. Herc’s dividend payout ratio (DPR) is 21.97%.

Insider Activity at Herc

In related news, SVP Tamir Peres sold 3,545 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $159.10, for a total transaction of $564,009.50. Following the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at $6,560,647.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Herc 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.