6,279 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,279 shares of the transportation company's stock, valued at approximately $1,001,000.

Several other large investors have also bought and sold shares of HRI. CANADA LIFE ASSURANCE Co lifted its stake in Herc by 232.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company's stock valued at $2,461,000 after acquiring an additional 10,217 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Herc by 175.4% during the 1st quarter. Janus Henderson Group PLC now owns 35,038 shares of the transportation company's stock worth $5,897,000 after purchasing an additional 22,316 shares during the period. Tidal Investments LLC bought a new stake in shares of Herc during the 1st quarter worth $990,000. Virtu Financial LLC bought a new stake in shares of Herc during the 1st quarter worth $1,185,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company's stock worth $40,000 after purchasing an additional 208 shares during the period. 93.11% of the stock is currently owned by institutional investors.

Herc Stock Performance

HRI traded down $1.25 during trading hours on Thursday, hitting $229.75. The stock had a trading volume of 183,127 shares, compared to its average volume of 252,554. The company's fifty day simple moving average is $194.07 and its 200 day simple moving average is $158.81. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88. The stock has a market cap of $6.53 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.31 and a beta of 2.02. 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 (NYSE:HRI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million during the quarter, compared to analysts' expectations of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The company's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $4.00 EPS. Equities analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HRI shares. Barclays lifted their target price on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their target price on Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $212.25.

Insider Buying and Selling at Herc

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the transaction, the senior vice president now owns 21,586 shares of the company's stock, valued at $4,600,408.32. The trade was a 18.81 % decrease in their position. 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 Herc 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 transaction, the director now directly owns 13,774 shares of the company's stock, valued at $2,876,424.42. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

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.