Herc Holdings Inc. (NYSE:HRI) Position Decreased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,915 shares of the transportation company's stock after selling 2,511 shares during the quarter. Loomis Sayles & Co. L P owned about 0.59% of Herc worth $26,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings 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 during the period. Janus Henderson Group PLC raised its stake in Herc by 175.4% in the first quarter. Janus Henderson Group PLC now owns 35,038 shares of the transportation company's stock valued at $5,897,000 after buying an additional 22,316 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Herc by 13.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 43,934 shares of the transportation company's stock worth $7,394,000 after purchasing an additional 5,150 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Herc in the 1st quarter valued at $990,000. Finally, Virtu Financial LLC purchased a new position in shares of Herc in the first quarter worth about $1,185,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares of the company's stock, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 approximately $4,600,408.32. This trade represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Herc Stock Performance

NYSE HRI traded up $2.26 on Tuesday, hitting $231.04. 233,147 shares of the company's stock were exchanged, compared to its average volume of 252,857. 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 fifty-two week low of $119.08 and a fifty-two week high of $246.88. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.28 and a beta of 2.02. The firm's 50-day moving average price is $191.05 and its two-hundred day moving average price is $157.81.

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

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.