Herc Holdings Inc. (NYSE:HRI) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 30.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 137,615 shares of the transportation company's stock after acquiring an additional 31,774 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.48% of Herc worth $21,940,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Herc by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company's stock worth $494,288,000 after buying an additional 38,798 shares during the last quarter. Tidal Investments LLC acquired a new stake in Herc in the 1st quarter worth about $990,000. SG Americas Securities LLC boosted its holdings in Herc by 226.4% in the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company's stock worth $752,000 after buying an additional 3,914 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Herc by 232.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company's stock worth $2,461,000 after buying an additional 10,217 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in Herc by 15,137.8% in the 2nd quarter. Quest Partners LLC now owns 6,857 shares of the transportation company's stock worth $914,000 after buying an additional 6,812 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HRI shares. JPMorgan Chase & Co. lifted their price objective on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Barclays raised their target price on shares of Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $212.25.

Herc Trading Up 2.4 %

Shares of HRI stock traded up $5.16 during trading on Friday, hitting $222.92. 271,548 shares of the stock traded hands, compared to its average volume of 376,753. The firm has a market capitalization of $6.33 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.25 and a beta of 2.02. 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 firm's fifty day moving average price is $187.77 and its 200-day moving average price is $156.67. 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 quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to analysts' expectations of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.00 EPS. As a group, research analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Insider Activity

In other Herc news, 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 $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Aaron Birnbaum sold 10,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 20.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,880 shares of company stock valued at $3,342,960. 1.80% of the stock is currently owned by company 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.