Truist Financial Corp Has $4.76 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

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Truist Financial Corp decreased its position in shares of Herc Holdings Inc. (NYSE:HRIGet Rating) by 9.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 28,476 shares of the transportation company’s stock after selling 2,962 shares during the quarter. Truist Financial Corp’s holdings in Herc were worth $4,757,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HRI. Victory Capital Management Inc. raised its position in shares of Herc by 615.2% during the 4th quarter. Victory Capital Management Inc. now owns 312,112 shares of the transportation company’s stock valued at $48,861,000 after acquiring an additional 268,475 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Herc by 20.7% during the 4th quarter. Impax Asset Management Group plc now owns 1,327,929 shares of the transportation company’s stock valued at $206,994,000 after acquiring an additional 227,854 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Herc during the 4th quarter valued at $18,521,000. Emerald Advisers LLC bought a new stake in shares of Herc during the 4th quarter valued at $18,273,000. Finally, Bank of America Corp DE raised its position in shares of Herc by 24.5% during the 4th quarter. Bank of America Corp DE now owns 489,557 shares of the transportation company’s stock valued at $76,639,000 after acquiring an additional 96,390 shares during the last quarter.

HRI has been the subject of several recent research reports. The Goldman Sachs Group dropped their target price on shares of Herc from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. KeyCorp lowered their price objective on shares of Herc from $155.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday. Robert W. Baird lowered their price objective on shares of Herc from $161.00 to $158.00 in a research report on Thursday, April 21st. StockNews.com started coverage on shares of Herc in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upped their price objective on shares of Herc from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.00.

Shares of NYSE HRI opened at $90.90 on Friday. The firm has a market cap of $2.72 billion, a PE ratio of 11.09, a PEG ratio of 0.24 and a beta of 2.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.23. Herc Holdings Inc. has a 1-year low of $83.43 and a 1-year high of $203.14. The company has a fifty day moving average price of $104.00 and a 200 day moving average price of $136.28.

Herc (NYSE:HRIGet Rating) last announced its earnings results on Thursday, April 21st. The transportation company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.20). The company had revenue of $567.30 million during the quarter, compared to analyst estimates of $552.77 million. Herc had a return on equity of 27.26% and a net margin of 11.42%. Herc’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. Equities research analysts forecast that Herc Holdings Inc. will post 12.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, May 26th. Herc’s payout ratio is presently 28.05%.

About Herc (Get Rating)

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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