Sei Investments Co. Has $3.67 Million Position in Herc Holdings Inc. $HRI

Sei Investments Co. increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 76.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,844 shares of the transportation company’s stock after purchasing an additional 16,017 shares during the period. Sei Investments Co. owned approximately 0.11% of Herc worth $3,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in Herc by 4.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,608 shares of the transportation company’s stock worth $239,000 after purchasing an additional 72 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Herc by 2.8% in the fourth quarter. Wealthspire Advisors LLC now owns 2,717 shares of the transportation company’s stock valued at $403,000 after buying an additional 75 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Herc by 5.1% in the second quarter. Captrust Financial Advisors now owns 2,051 shares of the transportation company’s stock valued at $270,000 after buying an additional 100 shares during the period. State of Wyoming boosted its holdings in shares of Herc by 21.0% in the first quarter. State of Wyoming now owns 616 shares of the transportation company’s stock valued at $61,000 after buying an additional 107 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Herc by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 332 shares of the transportation company’s stock worth $51,000 after acquiring an additional 111 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of HRI opened at $168.61 on Friday. Herc Holdings Inc. has a 12 month low of $88.45 and a 12 month high of $188.35. The firm has a fifty day simple moving average of $147.38 and a 200 day simple moving average of $136.80. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 114.70, a PEG ratio of 23.44 and a beta of 1.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.22.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.67. Herc had a net margin of 1.01% and a return on equity of 10.33%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business earned $1.87 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Research analysts forecast that Herc Holdings Inc. will post 6.93 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.7%. Herc’s payout ratio is currently 190.48%.

Analyst Ratings Changes

HRI has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Herc from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. KeyCorp increased their target price on Herc from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Citigroup lifted their price target on Herc from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings raised Herc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

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.