Bridgewater Associates LP Sells 16,366 Shares of Herc Holdings Inc. (NYSE:HRI)

Bridgewater Associates LP trimmed its position in shares of Herc Holdings Inc. (NYSE:HRI) by 68.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,556 shares of the transportation company’s stock after selling 16,366 shares during the period. Bridgewater Associates LP’s holdings in Herc were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Herc by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 3,066,892 shares of the transportation company’s stock worth $580,655,000 after acquiring an additional 27,578 shares during the period. FMR LLC boosted its position in Herc by 69.0% during the fourth quarter. FMR LLC now owns 1,245,168 shares of the transportation company’s stock worth $235,748,000 after purchasing an additional 508,359 shares during the period. Norges Bank purchased a new position in shares of Herc in the fourth quarter worth about $183,786,000. American Century Companies Inc. raised its position in shares of Herc by 0.8% in the fourth quarter. American Century Companies Inc. now owns 812,270 shares of the transportation company’s stock valued at $153,787,000 after purchasing an additional 6,777 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of Herc in the fourth quarter valued at approximately $71,211,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Price Performance

Herc stock opened at $117.70 on Friday. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.61 and a beta of 1.93. 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 business has a 50-day simple moving average of $139.85 and a 200 day simple moving average of $180.14. Herc Holdings Inc. has a 52 week low of $109.39 and a 52 week high of $246.88.

Herc (NYSE:HRI) last issued its quarterly earnings data on Thursday, February 13th. The transportation company reported $3.58 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.40). Herc had a return on equity of 26.48% and a net margin of 5.91%. The business had revenue of $934.00 million for 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 fiscal year.

Herc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.70 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Herc’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 2.38%. Herc’s payout ratio is 37.79%.

Wall Street Analysts Forecast Growth

HRI has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of Herc from $234.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price target on Herc from $225.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Citigroup dropped their price objective on Herc from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.20.

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.