Charles Schwab Investment Management Inc. Increases Position in Herc Holdings Inc. (NYSE:HRI)

Charles Schwab Investment Management Inc. grew its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 6.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 395,229 shares of the transportation company's stock after buying an additional 23,411 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.39% of Herc worth $63,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company's stock valued at $74,908,000 after acquiring an additional 87,330 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Herc during the 3rd quarter valued at about $35,996,000. Bank of New York Mellon Corp increased its stake in shares of Herc by 6.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company's stock worth $26,439,000 after acquiring an additional 12,277 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Herc by 30.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,615 shares of the transportation company's stock valued at $21,940,000 after acquiring an additional 31,774 shares during the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of Herc by 145.7% during the 3rd quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company's stock worth $14,624,000 after purchasing an additional 54,400 shares during the period. 93.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

HRI has been the topic of a number of recent analyst reports. Barclays increased their price objective 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. The Goldman Sachs Group raised their target price on shares of Herc from $178.00 to $204.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $212.25.

Insider Activity at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company's stock in a transaction on 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 sale, the senior vice president now directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Herc Price Performance

HRI stock traded up $2.25 during midday trading on Friday, reaching $232.00. 153,662 shares of the company's stock traded hands, compared to its average volume of 252,126. The company has a 50-day simple moving average of $195.60 and a two-hundred day simple moving average of $159.33. Herc Holdings Inc. has a 1-year low of $119.74 and a 1-year high of $246.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.32 and a beta of 2.02.

Herc (NYSE:HRI - Get Free Report) last issued 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 firm had revenue of $965.00 million during the quarter, compared to analyst estimates 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 last year, the business posted $4.00 earnings per share. On average, analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current 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.