67,516 Shares in Herc Holdings Inc. $HRI Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC acquired a new stake in Herc Holdings Inc. (NYSE:HRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 67,516 shares of the transportation company’s stock, valued at approximately $7,876,000.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of Herc by 24.2% during the second quarter. Invesco Ltd. now owns 3,709,718 shares of the transportation company’s stock valued at $488,533,000 after acquiring an additional 723,239 shares in the last quarter. Norges Bank purchased a new position in Herc during the 2nd quarter worth $242,697,000. American Century Companies Inc. raised its position in Herc by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 1,204,740 shares of the transportation company’s stock valued at $158,653,000 after purchasing an additional 271,532 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Herc by 2.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,113,836 shares of the transportation company’s stock worth $146,681,000 after buying an additional 25,634 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Herc by 34.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 943,722 shares of the transportation company’s stock worth $110,095,000 after buying an additional 243,320 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HRI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Herc in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Herc from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Wells Fargo & Company assumed coverage on shares of Herc in a report on Thursday, November 13th. They set an “overweight” rating and a $170.00 price objective on the stock. Baird R W upgraded Herc from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Citigroup lifted their price target on Herc from $170.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Herc presently has a consensus rating of “Moderate Buy” and an average price target of $176.57.

Herc Stock Down 0.4%

NYSE:HRI opened at $158.22 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.28. Herc Holdings Inc. has a twelve month low of $96.18 and a twelve month high of $212.19. The company has a market cap of $5.26 billion, a PE ratio of -62.79, a P/E/G ratio of 1.49 and a beta of 1.78. The company’s 50 day moving average is $147.16 and its two-hundred day moving average is $135.63.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.39. Herc had a negative net margin of 1.68% and a positive return on equity of 16.32%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $4.35 earnings per share. The business’s quarterly revenue was up 35.1% on a year-over-year basis. Analysts anticipate that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.8%. Herc’s payout ratio is currently -111.11%.

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.