Herc Holdings Inc. (NYSE:HRI) Stake Lifted by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 117.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,512 shares of the transportation company's stock after purchasing an additional 62,883 shares during the quarter. Franklin Resources Inc. owned 0.41% of Herc worth $19,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Quest Partners LLC lifted its position in Herc by 15,137.8% during the 2nd quarter. Quest Partners LLC now owns 6,857 shares of the transportation company's stock worth $914,000 after acquiring an additional 6,812 shares in the last quarter. Lombard Odier Asset Management USA Corp raised its stake in shares of Herc by 265.6% during the second quarter. Lombard Odier Asset Management USA Corp now owns 9,534 shares of the transportation company's stock valued at $1,271,000 after purchasing an additional 6,926 shares during the period. Quantbot Technologies LP boosted its stake in shares of Herc by 1,230.2% in the second quarter. Quantbot Technologies LP now owns 21,522 shares of the transportation company's stock valued at $2,869,000 after purchasing an additional 19,904 shares during the period. Candriam S.C.A. acquired a new stake in Herc during the 2nd quarter valued at $4,556,000. Finally, Farther Finance Advisors LLC increased its stake in Herc by 369.9% during the 3rd 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. Hedge funds and other institutional investors own 93.11% of the company's stock.

Insider Transactions at Herc

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were 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 approximately $2,876,424.42. This represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. This trade represents 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 Stock Up 2.0 %

Shares of HRI stock traded up $3.63 during trading hours on Friday, hitting $187.33. 524,181 shares of the company were exchanged, compared to its average volume of 258,891. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.21 and a beta of 2.02. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88. The business's 50-day simple moving average is $210.58 and its two-hundred day simple moving average is $165.44.

Herc (NYSE:HRI - Get Free Report) last released 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). The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.00 EPS. Sell-side analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, December 16th. Herc's dividend payout ratio (DPR) is presently 21.75%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HRI. The Goldman Sachs Group upped their price objective on shares of Herc from $204.00 to $234.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays increased their price target on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $219.75.

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.