Algert Global LLC Buys 9,860 Shares of Herc Holdings Inc. (NYSE:HRI)

Algert Global LLC increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 37.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,523 shares of the transportation company's stock after acquiring an additional 9,860 shares during the period. Algert Global LLC owned about 0.13% of Herc worth $5,823,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of Herc by 191.1% in the third quarter. Citigroup Inc. now owns 27,858 shares of the transportation company's stock worth $4,441,000 after acquiring an additional 18,289 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Herc by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company's stock valued at $63,011,000 after purchasing an additional 23,411 shares during the period. Foundry Partners LLC bought a new position in shares of Herc in the 3rd quarter valued at about $4,889,000. Intech Investment Management LLC bought a new stake in shares of Herc during the 3rd quarter valued at $1,001,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Herc by 30.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,615 shares of the transportation company's stock worth $21,940,000 after purchasing an additional 31,774 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Aaron Birnbaum sold 10,000 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the transaction, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This represents a 20.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the sale, the senior vice president now owns 21,586 shares of the company's stock, valued at approximately $4,600,408.32. This represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,880 shares of company stock valued at $3,342,960 in the last quarter. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HRI. Barclays increased their price target on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised 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, The Goldman Sachs Group increased their price objective on shares of Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $212.25.

Herc Stock Up 2.4 %

Shares of HRI traded up $5.16 during mid-day trading on Friday, hitting $222.92. 271,548 shares of the company's stock were exchanged, compared to its average volume of 376,753. The company has a 50-day simple moving average of $187.77 and a 200 day simple moving average of $156.74. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $6.33 billion, a PE ratio of 18.23, a P/E/G ratio of 1.25 and a beta of 2.02. Herc Holdings Inc. has a 52 week low of $119.08 and a 52 week high of $246.88.

Herc (NYSE:HRI - Get Free Report) last released its 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). The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The business's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.00 EPS. On average, research analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

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.