Herc Holdings Inc. (NYSE:HRI) is Q Global Advisors LLC’s 4th Largest Position

Q Global Advisors LLC raised its position in shares of Herc Holdings Inc. (NYSE:HRI) by 70.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,100 shares of the transportation company’s stock after buying an additional 28,084 shares during the period. Herc comprises about 7.7% of Q Global Advisors LLC’s holdings, making the stock its 4th largest holding. Q Global Advisors LLC owned about 0.24% of Herc worth $10,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HRI. Signaturefd LLC boosted its holdings in Herc by 213.3% in the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 160 shares during the period. Hexagon Capital Partners LLC raised its stake in Herc by 576.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after buying an additional 265 shares in the last quarter. CWM LLC raised its stake 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 buying an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Herc in the fourth quarter valued at $108,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Herc in the third quarter valued at $173,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Price Performance

Shares of HRI stock traded down $1.65 during mid-day trading on Friday, reaching $152.27. The stock had a trading volume of 165,755 shares, compared to its average volume of 218,525. Herc Holdings Inc. has a 12-month low of $93.97 and a 12-month high of $171.00. The company has a market cap of $4.32 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.75 and a beta of 2.27. The business has a 50-day simple moving average of $159.08 and a 200 day simple moving average of $141.60. The company has a current ratio of 1.51, a quick ratio of 1.44 and a debt-to-equity ratio of 2.95.

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

Herc Increases Dividend

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

Insider Activity at Herc

In other Herc news, SVP Tamir Peres sold 3,545 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $159.10, for a total value of $564,009.50. Following the sale, the senior vice president now directly owns 41,236 shares of the company’s stock, valued at approximately $6,560,647.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.