Herc Holdings Inc. (NYSE:HRI) Shares Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC increased its stake in shares of Herc Holdings Inc. (NYSE:HRIFree Report) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,764 shares of the transportation company’s stock after purchasing an additional 572 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Herc were worth $685,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its position in Herc by 51.3% in the first quarter. BlackRock Inc. now owns 2,589,703 shares of the transportation company’s stock worth $294,967,000 after acquiring an additional 878,615 shares in the last quarter. Morgan Stanley raised its position in Herc by 374.8% in the fourth quarter. Morgan Stanley now owns 366,165 shares of the transportation company’s stock worth $48,176,000 after acquiring an additional 289,049 shares in the last quarter. Invesco Ltd. increased its position in shares of Herc by 30.1% in the first quarter. Invesco Ltd. now owns 1,128,905 shares of the transportation company’s stock valued at $188,630,000 after buying an additional 261,276 shares in the last quarter. Norges Bank purchased a new position in shares of Herc in the fourth quarter valued at $31,318,000. Finally, Dorsey Asset Management LLC purchased a new position in shares of Herc in the second quarter valued at $27,754,000. 93.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, KeyCorp cut Herc from an “overweight” rating to a “sector weight” rating in a research report on Monday, December 4th.

Read Our Latest Research Report on Herc

Herc Trading Up 0.8 %

Herc stock opened at $151.64 on Monday. The stock has a market cap of $4.29 billion, a PE ratio of 12.46, a P/E/G ratio of 0.76 and a beta of 2.29. The stock has a 50-day moving average price of $143.29 and a 200 day moving average price of $129.15. Herc Holdings Inc. has a 52 week low of $93.97 and a 52 week high of $156.59. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 3.14.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Wednesday, February 21st will be given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, February 20th. This is a boost from Herc’s previous quarterly dividend of $0.63. Herc’s dividend payout ratio (DPR) is currently 20.79%.

About Herc

(Free Report)

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.

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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