Dimensional Fund Advisors LP Has $26.94 Million Stake in Herc Holdings Inc. (NYSE:HRI)

Dimensional Fund Advisors LP raised its position in Herc Holdings Inc. (NYSE:HRI) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,403 shares of the transportation company’s stock after purchasing an additional 25,536 shares during the quarter. Dimensional Fund Advisors LP owned 3.64% of Herc worth $26,936,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in Herc in the 3rd quarter valued at approximately $374,000. Prudential Financial Inc. acquired a new position in Herc in the 3rd quarter valued at approximately $215,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Herc in the 3rd quarter valued at approximately $367,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Herc in the 3rd quarter valued at approximately $275,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Herc in the 3rd quarter valued at approximately $313,000. Institutional investors own 95.97% of the company’s stock.

Several research firms have commented on HRI. TheStreet raised Herc from a “d+” rating to a “c-” rating in a report on Thursday, February 28th. ValuEngine cut Herc from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Zacks Investment Research cut Herc from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Finally, Longbow Research assumed coverage on Herc in a research note on Friday, March 29th. They issued a “buy” rating and a $52.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Herc presently has an average rating of “Buy” and a consensus price target of $57.00.

Shares of HRI stock traded down $1.05 during trading hours on Friday, hitting $45.13. The company had a trading volume of 247,780 shares, compared to its average volume of 228,328. Herc Holdings Inc. has a 12 month low of $24.16 and a 12 month high of $62.56. The firm has a market cap of $1.29 billion, a P/E ratio of 27.02 and a beta of 3.11. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 3.92.

Herc (NYSE:HRI) last released its quarterly earnings data on Thursday, May 2nd. The transportation company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.05. Herc had a return on equity of 11.89% and a net margin of 3.50%. The company had revenue of $475.70 million for the quarter, compared to analyst estimates of $455.90 million. During the same period in the prior year, the company posted ($0.36) EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts forecast that Herc Holdings Inc. will post 3.1 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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