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Herc Holdings Inc. (NYSE:HRI) Position Lifted by Fmr LLC

Herc logo with Transportation background

FMR LLC grew its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 736,809 shares of the transportation company's stock after buying an additional 56,191 shares during the period. FMR LLC owned 2.59% of Herc worth $117,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HRI. EverSource Wealth Advisors LLC lifted its position in Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company's stock valued at $40,000 after buying an additional 208 shares during the last quarter. Signaturefd LLC raised its position in Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd lifted its stake in Herc by 70.4% during the third quarter. Covestor Ltd now owns 322 shares of the transportation company's stock worth $51,000 after purchasing an additional 133 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock worth $55,000 after buying an additional 270 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Herc by 704.2% in the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock valued at $62,000 after buying an additional 338 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Insider Activity at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the 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 owns 21,586 shares of the company's stock, valued at $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of 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 disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on HRI shares. Barclays raised their price objective on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on 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. upped their price objective on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $212.25.

View Our Latest Research Report on HRI

Herc Price Performance

Shares of HRI stock traded down $0.67 during midday trading on Thursday, reaching $228.62. 284,982 shares of the company traded hands, compared to its average volume of 251,990. The firm's 50 day simple moving average is $201.36 and its two-hundred day simple moving average is $161.34. The firm has a market cap of $6.50 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.31 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 1-year low of $119.98 and a 1-year high of $246.88.

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

Herc Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Herc (NYSE:HRI)

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