State Street Corp Purchases 3,006 Shares of Herc Holdings Inc. (NYSE:HRI)

State Street Corp lifted its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 665,904 shares of the transportation company's stock after purchasing an additional 3,006 shares during the quarter. State Street Corp owned about 2.34% of Herc worth $106,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new position in Herc in the 3rd quarter worth about $35,996,000. American Century Companies Inc. increased its position in shares of Herc by 18.4% in the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company's stock worth $74,908,000 after purchasing an additional 87,330 shares during the last quarter. FMR LLC raised its stake in Herc by 8.3% in the third quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after purchasing an additional 56,191 shares in the last quarter. Ceredex Value Advisors LLC raised its stake in Herc by 145.7% in the third quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company's stock valued at $14,624,000 after purchasing an additional 54,400 shares in the last quarter. Finally, Candriam S.C.A. bought a new stake in Herc during the second quarter valued at approximately $4,556,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Trading Down 3.9 %

Shares of HRI stock traded down $8.09 on Monday, hitting $199.03. 699,158 shares of the company's stock traded hands, compared to its average volume of 255,355. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.21 and a beta of 2.02. The company's fifty day simple moving average is $208.32 and its 200 day simple moving average is $164.41. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22.

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). Herc had a net margin of 10.09% and a return on equity of 26.35%. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same period last year, the business posted $4.00 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Herc Holdings Inc. will post 13.59 EPS for the current year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be paid a $0.665 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.34%. Herc's dividend payout ratio (DPR) is currently 21.75%.

Insider Buying and Selling at Herc

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 13,774 shares in the company, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their position. 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 Herc stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 21,586 shares in the company, 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HRI. 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 report on Wednesday, October 23rd. JPMorgan Chase & Co. raised 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, The Goldman Sachs Group lifted their price target on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.