Midwest Financial Group LLC Decreases Holdings in Herc Holdings Inc. (NYSE:HRI)

Midwest Financial Group LLC trimmed its stake in Herc Holdings Inc. (NYSE:HRI) by 28.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,320 shares of the transportation company’s stock after selling 520 shares during the period. Midwest Financial Group LLC’s holdings in Herc were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HRI. Signaturefd LLC raised its holdings in shares of Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd increased its position in Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC increased its position in Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after buying an additional 270 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after buying an additional 338 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Herc during the 3rd quarter worth $80,000. 93.11% of the stock is owned by institutional investors.

Herc Stock Performance

Herc stock opened at $206.87 on Friday. Herc Holdings Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $5.88 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.07 and a beta of 2.06. The firm’s fifty day moving average price is $205.31 and its 200-day moving average price is $175.69.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same period last year, the firm earned $4.00 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts expect that Herc Holdings Inc. will post 13.48 earnings per share for the current fiscal year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.665 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.29%. Herc’s payout ratio is 21.75%.

Insiders Place Their Bets

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total value of $1,065,600.00. Following the completion of the sale, the senior vice president now directly owns 21,586 shares of the company’s stock, valued at $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HRI has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays boosted their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Herc has a consensus rating of “Hold” and a consensus target price of $219.75.

Herc 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.