Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 637,070 shares of the transportation company's stock after purchasing an additional 6,874 shares during the period. Geode Capital Management LLC owned 2.24% of Herc worth $101,589,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HRI. SummerHaven Investment Management LLC boosted its stake in shares of Herc by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company's stock worth $686,000 after acquiring an additional 108 shares during the last quarter. Argent Capital Management LLC boosted its stake in Herc by 61.4% during the 2nd quarter. Argent Capital Management LLC now owns 4,345 shares of the transportation company's stock worth $579,000 after purchasing an additional 1,653 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Herc by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company's stock worth $26,439,000 after buying an additional 12,277 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Herc in the second quarter valued at about $634,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Herc by 303.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company's stock worth $207,000 after buying an additional 1,167 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company's stock.

Wall Street Analysts Forecast Growth

HRI has been the subject of several research reports. 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 note on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Herc presently has a consensus rating of "Hold" and a consensus target price of $219.75.

Insider Transactions at Herc

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, the director now directly owns 13,774 shares in the company, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their ownership of the stock. 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 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 transaction, the senior vice president now directly owns 21,586 shares of the company's stock, valued at approximately $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Herc Trading Down 1.3 %

HRI stock traded down $2.33 during midday trading on Thursday, hitting $183.70. 396,100 shares of the company's stock were exchanged, compared to its average volume of 257,676. The business has a 50-day simple moving average of $210.18 and a two-hundred day simple moving average of $165.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $5.22 billion, a PE ratio of 15.02, a P/E/G ratio of 1.21 and a beta of 2.02. Herc Holdings Inc. has a 1-year low of $124.70 and a 1-year high of $246.88.

Herc (NYSE:HRI - Get Free Report) last released its quarterly earnings results 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). 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 analysts' expectations of $931.33 million. During the same period last year, the firm posted $4.00 earnings per share. Herc's revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, December 16th. Herc's dividend payout ratio (DPR) is currently 21.75%.

About Herc

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.