Herc Holdings Inc. (NYSE:HRI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Herc Holdings Inc. (NYSE:HRI - Free Report) by 51.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,958 shares of the transportation company's stock after selling 15,693 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.05% of Herc worth $2,385,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. purchased a new position in Herc in the 3rd quarter worth approximately $35,996,000. American Century Companies Inc. boosted its holdings in shares of Herc by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company's stock valued at $74,908,000 after purchasing an additional 87,330 shares during the last quarter. FMR LLC increased its holdings in shares of Herc by 8.3% in the third quarter. FMR LLC now owns 736,809 shares of the transportation company's stock worth $117,470,000 after purchasing an additional 56,191 shares during the last quarter. Ceredex Value Advisors LLC lifted its position in shares of Herc by 145.7% in the third quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company's stock worth $14,624,000 after buying an additional 54,400 shares in the last quarter. Finally, Candriam S.C.A. purchased a new position in Herc during the 2nd quarter valued at approximately $4,556,000. 93.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HRI. Barclays lifted their target price on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on Herc from $178.00 to $204.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Herc has a consensus rating of "Hold" and a consensus price target of $212.25.

Herc Stock Up 0.7 %

Shares of HRI stock traded up $1.52 during trading hours on Friday, reaching $230.14. 152,458 shares of the company's stock were exchanged, compared to its average volume of 271,998. Herc Holdings Inc. has a 1 year low of $119.98 and a 1 year high of $246.88. The stock's fifty day moving average price is $202.77 and its two-hundred day moving average price is $161.86. The stock has a market cap of $6.54 billion, a PE ratio of 18.82, a PEG ratio of 1.32 and a beta of 2.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.

Herc (NYSE:HRI - Get Free Report) last posted 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). The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.00 earnings per share. Research analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th. Herc's payout ratio is 21.75%.

Insider Activity at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the transaction, the director now directly owns 13,774 shares in the company, valued at $2,876,424.42. This represents a 21.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business'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 of the company's stock, 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. Company insiders own 1.80% of the company's stock.

Herc 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.