TT International Asset Management LTD Sells 6,548 Shares of Herc Holdings Inc. (NYSE:HRI)

TT International Asset Management LTD reduced its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,798 shares of the transportation company's stock after selling 6,548 shares during the quarter. TT International Asset Management LTD's holdings in Herc were worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HRI. Lombard Odier Asset Management USA Corp boosted its holdings in 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 worth $1,271,000 after acquiring an additional 6,926 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Herc by 1,230.2% in the 2nd quarter. Quantbot Technologies LP now owns 21,522 shares of the transportation company's stock worth $2,869,000 after purchasing an additional 19,904 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock worth $55,000 after purchasing an additional 270 shares in the last quarter. Algert Global LLC grew its position in Herc by 153.0% during the 2nd quarter. Algert Global LLC now owns 26,663 shares of the transportation company's stock valued at $3,554,000 after purchasing an additional 16,123 shares during the last quarter. Finally, State Street Corp increased its stake in Herc by 0.5% during the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company's stock valued at $106,165,000 after purchasing an additional 3,006 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company's stock.

Insider Activity

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the business's 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 completion of the sale, the senior vice president now directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $810,260.40. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Herc Stock Performance

Shares of HRI traded up $4.13 during mid-day trading on Monday, hitting $183.08. 349,248 shares of the company traded hands, compared to its average volume of 285,278. Herc Holdings Inc. has a 1 year low of $124.70 and a 1 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. The stock has a 50-day moving average price of $209.01 and a two-hundred day moving average price of $171.97. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.19 and a beta of 2.06.

Herc (NYSE:HRI - Get Free Report) last announced its 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). 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 analysts' expectations of $931.33 million. During the same quarter in the prior year, the firm posted $4.00 earnings per share. Herc's quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.665 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.45%. Herc's dividend payout ratio is currently 21.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HRI shares. JPMorgan Chase & Co. upped their target price 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. Barclays upped their price objective on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Three research 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, Herc has an average rating of "Hold" and a consensus target price 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.