Ruffer LLP Buys Shares of 19,361 Herc Holdings Inc. (NYSE:HRI)

Ruffer LLP acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI) during the fourth quarter, HoldingsChannel reports. The fund acquired 19,361 shares of the transportation company’s stock, valued at approximately $3,665,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in shares of Herc by 8.3% in the third quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after purchasing an additional 56,191 shares during the last quarter. State Street Corp increased its stake in Herc by 0.5% in the third quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after purchasing an additional 3,006 shares during the last quarter. Geode Capital Management LLC boosted its stake in Herc by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock worth $101,589,000 after buying an additional 6,874 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Herc by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock valued at $63,011,000 after buying an additional 23,411 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in shares of Herc during the 4th quarter valued at about $71,211,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of NYSE:HRI opened at $131.31 on Friday. The business has a 50-day moving average of $184.91 and a two-hundred day moving average of $184.69. The firm has a market capitalization of $3.74 billion, a PE ratio of 17.72, a P/E/G ratio of 1.61 and a beta of 2.14. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.38 and a quick ratio of 1.38. Herc Holdings Inc. has a 12 month low of $124.70 and a 12 month high of $246.88.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $919.84 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. As a group, research analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Herc’s previous quarterly dividend of $0.67. Herc’s dividend payout ratio (DPR) is currently 37.79%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their target price on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $219.75.

About Herc

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.