Herc Holdings Inc. (NYSE:HRI) Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 44.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,613 shares of the transportation company's stock after selling 135,805 shares during the period. Jennison Associates LLC owned 0.61% of Herc worth $27,520,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HRI. EverSource Wealth Advisors LLC lifted its stake in Herc by 650.0% in 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 in the last quarter. Signaturefd LLC grew its stake in shares of Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after buying an additional 61 shares during the period. Covestor Ltd lifted its holdings in Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company's stock valued at $51,000 after acquiring an additional 133 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Herc by 369.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock valued at $55,000 after purchasing an additional 270 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock worth $62,000 after purchasing an additional 338 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on HRI. The Goldman Sachs Group upped their target price on shares of Herc from $178.00 to $204.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $212.25.

Herc Stock Up 1.5 %

Shares of NYSE HRI traded up $3.33 during mid-day trading on Friday, hitting $221.09. The company had a trading volume of 177,954 shares, compared to its average volume of 251,793. The business's 50-day simple moving average is $186.08 and its 200 day simple moving average is $156.15. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. Herc Holdings Inc. has a 1-year low of $119.08 and a 1-year high of $246.88. The company has a market capitalization of $6.28 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly 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 return on equity of 26.35% and a net margin of 10.09%. The firm had revenue of $965.00 million during the quarter, compared to analysts' expectations of $931.33 million. During the same quarter in the prior year, the firm earned $4.00 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Insider Activity at Herc

In related news, COO Aaron Birnbaum sold 10,000 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the sale, the chief operating officer now directly owns 38,232 shares of the company's stock, valued at $5,609,016.72. The trade was a 20.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 21,586 shares of the company's stock, valued at $4,600,408.32. This represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,880 shares of company stock valued at $3,342,960 over the last quarter. 1.80% of the stock is owned by insiders.

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.