Citigroup Inc. Has $4.44 Million Stake in Herc Holdings Inc. (NYSE:HRI)

Citigroup Inc. boosted its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 191.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,858 shares of the transportation company's stock after buying an additional 18,289 shares during the quarter. Citigroup Inc. owned approximately 0.10% of Herc worth $4,441,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HRI. American Century Companies Inc. increased its position in shares of Herc by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company's stock valued at $74,908,000 after buying an additional 87,330 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 worth $63,011,000 after purchasing an additional 23,411 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Herc during the 3rd quarter worth about $35,996,000. Bank of New York Mellon Corp increased its holdings in Herc by 6.6% during 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 purchasing an additional 12,277 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Herc by 30.0% during 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 in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Wall Street Analyst Weigh In

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

Herc Price Performance

NYSE:HRI traded up $0.36 during mid-day trading on Wednesday, reaching $229.05. The stock had a trading volume of 169,397 shares, compared to its average volume of 251,850. The stock has a 50-day simple moving average of $198.48 and a two-hundred day simple moving average of $160.39. The stock has a market capitalization of $6.51 billion, a PE ratio of 18.64, a P/E/G ratio of 1.32 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. Herc Holdings Inc. has a 12 month low of $119.74 and a 12 month high of $246.88.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.48 by ($0.13). The firm had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The business's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $4.00 earnings per share. On average, equities analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Insiders Place Their Bets

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the sale, the director now owns 13,774 shares of the company's stock, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was 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. Insiders own 1.80% of the company's stock.

Herc Company 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.