Wolverine Asset Management LLC Cuts Stake in Herc Holdings Inc. (NYSE:HRI)

Wolverine Asset Management LLC reduced its position in shares of Herc Holdings Inc. (NYSE:HRI) by 39.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,167 shares of the transportation company’s stock after selling 747 shares during the quarter. Wolverine Asset Management LLC’s holdings in Herc were worth $221,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Argent Capital Management LLC increased its position in shares of Herc by 38.2% during the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock valued at $1,308,000 after acquiring an additional 1,910 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 270 shares during the last quarter. State Street Corp increased its holdings in shares of Herc by 0.5% in the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock worth $106,165,000 after purchasing an additional 3,006 shares in the last quarter. TT International Asset Management LTD raised its stake in shares of Herc by 324.6% in the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company’s stock worth $2,287,000 after purchasing an additional 10,967 shares during the last quarter. Finally, Motley Fool Wealth Management LLC lifted its holdings in shares of Herc by 26.4% during the third quarter. Motley Fool Wealth Management LLC now owns 82,863 shares of the transportation company’s stock valued at $13,211,000 after purchasing an additional 17,315 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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 report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $219.75.

Herc Stock Performance

Herc stock opened at $163.58 on Monday. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month high of $246.88. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99. The company’s 50-day moving average price is $195.08 and its 200-day moving average price is $184.63. The company has a market cap of $4.65 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.61 and a beta of 2.04.

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

Herc Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, February 18th. This is an increase from Herc’s previous quarterly dividend of $0.67. Herc’s payout ratio is currently 37.79%.

Herc Company Profile

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.