UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $10.80 Million Stake in Herc Holdings Inc. (NYSE:HRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,766 shares of the transportation company's stock after acquiring an additional 2,237 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Herc worth $10,804,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bridgewater Associates LP lifted its position in shares of Herc by 461.2% during the third quarter. Bridgewater Associates LP now owns 23,922 shares of the transportation company's stock worth $3,814,000 after purchasing an additional 19,659 shares during the last quarter. Townsquare Capital LLC bought a new position in Herc during the 3rd quarter worth approximately $367,000. FMR LLC grew its position in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company's stock worth $117,470,000 after acquiring an additional 56,191 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Herc in the 3rd quarter worth approximately $80,000. Finally, Algert Global LLC increased its holdings in shares of Herc by 37.0% in the 3rd quarter. Algert Global LLC now owns 36,523 shares of the transportation company's stock valued at $5,823,000 after acquiring an additional 9,860 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Performance

HRI stock traded up $1.52 during mid-day trading on Friday, reaching $230.14. The company had a trading volume of 152,458 shares, compared to its average volume of 271,998. The stock's 50-day simple moving average is $202.77 and its two-hundred day simple moving average is $161.91. Herc Holdings Inc. has a one year low of $119.98 and a one year high of $246.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $6.54 billion, a P/E ratio of 18.82, a P/E/G 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 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The company had revenue of $965.00 million for 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 company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $4.00 EPS. Research analysts anticipate 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. Investors of record on Monday, December 16th will be paid a dividend of $0.665 per share. The ex-dividend date is Monday, December 16th. This represents a $2.66 annualized dividend and a yield of 1.16%. Herc's payout ratio is 21.75%.

Insider Transactions at Herc

In related news, Director Michael A. Kelly sold 3,880 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were 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 $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 directly owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HRI shares. Barclays lifted their price objective on shares of 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 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research 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 MarketBeat.com, Herc currently has a consensus rating of "Hold" and an average price target of $212.25.

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.