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Foundry Partners LLC Takes Position in Herc Holdings Inc. (NYSE:HRI)

Herc logo with Transportation background

Foundry Partners LLC purchased a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 30,664 shares of the transportation company's stock, valued at approximately $4,889,000. Foundry Partners LLC owned approximately 0.11% of Herc at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HRI. Signaturefd LLC increased its stake in shares of Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after buying an additional 61 shares during the period. Chartwell Investment Partners LLC increased its position in Herc by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company's stock worth $1,275,000 after purchasing an additional 65 shares during the period. MQS Management LLC raised its holdings in Herc by 3.8% during the 3rd quarter. MQS Management LLC now owns 1,945 shares of the transportation company's stock worth $310,000 after purchasing an additional 71 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Herc by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company's stock valued at $686,000 after purchasing an additional 108 shares during the period. Finally, Welch Group LLC grew its position in shares of Herc by 1.9% during the 3rd quarter. Welch Group LLC now owns 6,200 shares of the transportation company's stock worth $988,000 after buying an additional 118 shares during the period. Institutional investors own 93.11% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael A. Kelly sold 3,880 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares in the company, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company's stock in a transaction dated 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 in the company, valued at $4,600,408.32. The trade was a 18.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,880 shares of company stock worth $3,342,960. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on HRI

Herc Trading Up 2.4 %

Shares of Herc stock traded up $5.26 during trading hours on Friday, hitting $223.02. The company's stock had a trading volume of 271,547 shares, compared to its average volume of 252,205. Herc Holdings Inc. has a 12 month low of $119.08 and a 12 month high of $246.88. 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 capitalization of $6.33 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. The stock has a 50 day moving average of $186.08 and a 200 day moving average of $156.15.

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