Jacobs Levy Equity Management Inc. Sells 12,484 Shares of Herc Holdings Inc. (NYSE:HRI)

Jacobs Levy Equity Management Inc. trimmed its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 20.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,414 shares of the transportation company's stock after selling 12,484 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.17% of Herc worth $7,878,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in Herc by 3.1% during the third quarter. Janus Henderson Group PLC now owns 49,272 shares of the transportation company's stock worth $7,857,000 after buying an additional 1,460 shares in the last quarter. Holocene Advisors LP boosted its stake in shares of Herc by 111.9% in the 3rd quarter. Holocene Advisors LP now owns 26,905 shares of the transportation company's stock valued at $4,289,000 after purchasing an additional 14,205 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Herc by 19.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 78,147 shares of the transportation company's stock valued at $12,460,000 after purchasing an additional 12,779 shares during the last quarter. Infrastructure Capital Advisors LLC bought a new stake in shares of Herc during the 3rd quarter valued at approximately $277,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Herc by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,766 shares of the transportation company's stock valued at $10,804,000 after purchasing an additional 2,237 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Trading Up 0.7 %

NYSE:HRI traded up $1.52 during mid-day trading on Friday, hitting $230.14. 152,458 shares of the company's stock were exchanged, compared to its average volume of 251,568. The company has a 50 day simple moving average of $202.77 and a 200-day simple moving average of $161.86. 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 Holdings Inc. has a fifty-two week low of $119.98 and a fifty-two week high of $246.88. The firm has a market capitalization of $6.54 billion, a P/E ratio of 18.82, a PEG ratio of 1.31 and a beta of 2.02.

Herc (NYSE:HRI - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. 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. As a group, research analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Insider Transactions at Herc

In related news, Director Michael A. Kelly sold 3,880 shares of the business's stock in a transaction 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 transaction, the director now owns 13,774 shares in the company, valued at $2,876,424.42. The trade was a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 21,586 shares in the company, 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. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HRI. The Goldman Sachs Group lifted their price target on shares of Herc from $178.00 to $204.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Barclays lifted their price target on shares of 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. lifted their price target on shares of 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $212.25.

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.