Herc Holdings Inc. (NYSE:HRI) Shares Purchased by Holocene Advisors LP

Holocene Advisors LP increased its position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 111.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,905 shares of the transportation company's stock after buying an additional 14,205 shares during the period. Holocene Advisors LP owned about 0.09% of Herc worth $4,289,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Herc by 226.4% during the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company's stock valued at $752,000 after buying an additional 3,914 shares during the period. Quest Partners LLC grew its stake in Herc by 15,137.8% in the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company's stock valued at $914,000 after purchasing an additional 6,812 shares during the last quarter. Lombard Odier Asset Management USA Corp grew its stake 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 valued at $1,271,000 after purchasing an additional 6,926 shares during the last quarter. Quantbot Technologies LP grew its stake in Herc by 1,230.2% in the second quarter. Quantbot Technologies LP now owns 21,522 shares of the transportation company's stock valued at $2,869,000 after purchasing an additional 19,904 shares during the last quarter. Finally, Candriam S.C.A. purchased a new position in Herc in the second quarter valued at about $4,556,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Insider Buying and Selling at Herc

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the business'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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Kelly sold 3,880 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares of the company's stock, valued at $2,876,424.42. This trade represents a 21.98 % 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 Ratings Changes

HRI has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Barclays lifted their target price on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on Herc from $178.00 to $204.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $212.25.

Herc Stock Performance

Shares of Herc stock traded down $0.67 on Thursday, reaching $228.62. 284,982 shares of the stock were exchanged, compared to its average volume of 251,990. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a twelve month low of $119.98 and a twelve month high of $246.88. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.31 and a beta of 2.02. The business has a 50 day moving average price of $199.92 and a two-hundred day moving average price of $160.87.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing analysts' consensus estimates of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same period last year, the firm earned $4.00 EPS. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

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.