Barclays PLC Purchases 17,236 Shares of Herc Holdings Inc. (NYSE:HRI)

Barclays PLC grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 49.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,058 shares of the transportation company's stock after purchasing an additional 17,236 shares during the period. Barclays PLC owned approximately 0.18% of Herc worth $8,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HRI. Main Management ETF Advisors LLC bought a new stake in Herc during the third quarter worth approximately $866,000. Orion Portfolio Solutions LLC lifted its position in shares of Herc by 12.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,469 shares of the transportation company's stock valued at $394,000 after acquiring an additional 277 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Herc during the 3rd quarter worth $1,363,000. State Street Corp grew its holdings in shares of Herc by 0.5% in the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company's stock worth $106,165,000 after acquiring an additional 3,006 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Herc by 4.1% during the third quarter. Stifel Financial Corp now owns 2,019 shares of the transportation company's stock worth $322,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Insider Buying and Selling at Herc

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was 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 trade represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company'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 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 1.80% of the company's stock.

Herc Stock Up 0.1 %

Shares of NYSE HRI traded up $0.12 during mid-day trading on Wednesday, reaching $195.12. The company had a trading volume of 126,811 shares, compared to its average volume of 255,246. 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 company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.21 and a beta of 2.02. The stock has a fifty day moving average of $209.73 and a two-hundred day moving average of $165.16. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88.

Herc (NYSE:HRI - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) 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 analyst estimates of $931.33 million. During the same period last year, the business earned $4.00 EPS. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Monday, December 16th. Herc's dividend payout ratio (DPR) is presently 21.75%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HRI shares. JPMorgan Chase & Co. increased their price target on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on shares of Herc from $204.00 to $234.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Barclays boosted 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.