Orion Portfolio Solutions LLC Buys 277 Shares of Herc Holdings Inc. (NYSE:HRI)

Orion Portfolio Solutions LLC lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 12.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,469 shares of the transportation company’s stock after acquiring an additional 277 shares during the period. Orion Portfolio Solutions LLC’s holdings in Herc were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in Herc during the third quarter worth approximately $35,996,000. American Century Companies Inc. boosted its holdings in shares of Herc by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after buying an additional 87,330 shares during the period. FMR LLC grew its stake in Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after buying an additional 56,191 shares during the last quarter. Ceredex Value Advisors LLC raised its holdings in Herc by 145.7% in the 3rd quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock worth $14,624,000 after acquiring an additional 54,400 shares during the period. Finally, Candriam S.C.A. acquired a new position in Herc during the 2nd quarter worth $4,556,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Price Performance

Shares of Herc stock opened at $186.03 on Thursday. Herc Holdings Inc. has a twelve month low of $124.70 and a twelve month 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 firm has a market cap of $5.28 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.21 and a beta of 2.02. The firm’s 50-day simple moving average is $210.18 and its 200-day simple moving average is $165.31.

Herc (NYSE:HRI) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.00 earnings per share. As a group, research analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.43%. Herc’s payout ratio is presently 21.75%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the transaction, the senior vice president now owns 21,586 shares in the company, valued at $4,600,408.32. This represents a 18.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares of the company’s stock, valued at $2,876,424.42. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

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.