Quest Partners LLC Sells 5,590 Shares of Herc Holdings Inc. (NYSE:HRI)

Quest Partners LLC lowered its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 81.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267 shares of the transportation company's stock after selling 5,590 shares during the period. Quest Partners LLC's holdings in Herc were worth $202,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Herc by 650.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company's stock valued at $40,000 after purchasing an additional 208 shares during the last quarter. Signaturefd LLC grew its holdings in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock worth $45,000 after acquiring an additional 61 shares during the period. Covestor Ltd grew its holdings in Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company's stock worth $51,000 after acquiring an additional 133 shares during the period. Farther Finance Advisors LLC raised its position in shares of Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock valued at $55,000 after acquiring an additional 270 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock valued at $62,000 after purchasing an additional 338 shares during the period. Institutional investors own 93.11% of the company's stock.

Herc Trading Down 0.5 %

NYSE:HRI traded down $1.25 on Thursday, reaching $229.75. The company's stock had a trading volume of 183,127 shares, compared to its average volume of 252,554. Herc Holdings Inc. has a 1-year low of $119.08 and a 1-year high of $246.88. The business's 50-day moving average price is $192.61 and its two-hundred day moving average price is $158.32. The firm has a market cap of $6.53 billion, a PE ratio of 18.79, a PEG ratio of 1.31 and a beta of 2.02. 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 issued its quarterly earnings data 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 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%. Herc's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.00 earnings per share. Equities research analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael A. Kelly sold 3,880 shares of Herc 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 sale, the director now owns 13,774 shares of the company's stock, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company's 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 transaction, the senior vice president now directly owns 21,586 shares of the company's stock, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

HRI has been the subject of a number of analyst reports. Barclays lifted their price objective on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Herc from $178.00 to $204.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $212.25.

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.