Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its holdings in Herc Holdings Inc. (NYSE:HRI) by 578.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,130 shares of the transportation company’s stock after purchasing an additional 197,082 shares during the quarter. Allianz Asset Management GmbH’s holdings in Herc were worth $43,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in 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 in the last quarter. State Street Corp boosted its holdings 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Herc by 1.1% in the third quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock valued at $101,589,000 after purchasing an additional 6,874 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Herc by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock valued at $63,011,000 after purchasing an additional 23,411 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in Herc in the fourth quarter valued at approximately $71,211,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

Shares of NYSE HRI opened at $163.58 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.99. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The stock has a 50 day moving average of $195.08 and a two-hundred day moving average of $183.90. The stock has a market cap of $4.65 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.61 and a beta of 2.04.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.40). Herc had a net margin of 5.91% and a return on equity of 26.48%. The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $919.84 million. On average, 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 will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a yield of 1.71%. This is a boost from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is currently 37.79%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their price target on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Herc 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.