Rockefeller Capital Management L.P. Has $12.46 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Rockefeller Capital Management L.P. increased its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 19.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,147 shares of the transportation company's stock after purchasing an additional 12,779 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.28% of Herc worth $12,460,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC bought a new stake in shares of Herc in the first quarter valued at approximately $990,000. SG Americas Securities LLC increased its holdings in shares of Herc by 226.4% during the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company's stock worth $752,000 after purchasing an additional 3,914 shares during the period. Quest Partners LLC raised its position in shares of Herc by 15,137.8% during the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company's stock valued at $914,000 after buying an additional 6,812 shares during the last quarter. Lombard Odier Asset Management USA Corp lifted its stake in shares of Herc by 265.6% in 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 buying an additional 6,926 shares during the period. Finally, Quantbot Technologies LP grew its position in Herc by 1,230.2% during the second quarter. Quantbot Technologies LP now owns 21,522 shares of the transportation company's stock worth $2,869,000 after buying an additional 19,904 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 directly owns 21,586 shares of the company's stock, valued at $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Kelly sold 3,880 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly owns 13,774 shares of the company's stock, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group raised their price objective on Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of 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 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $212.25.

Herc Price Performance

Shares of NYSE HRI traded down $1.24 during midday trading on Tuesday, reaching $228.89. 228,081 shares of the company traded hands, compared to its average volume of 252,204. Herc Holdings Inc. has a 12 month low of $119.74 and a 12 month 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. The stock's 50-day simple moving average is $197.08 and its 200-day simple moving average is $159.87. The firm has a market cap of $6.50 billion, a PE ratio of 18.70, a PEG ratio of 1.32 and a beta of 2.02.

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 (EPS) for the quarter, missing the consensus estimate 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 net margin of 10.09% and a return on equity of 26.35%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.00 earnings per share. As a group, equities analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

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.