Motley Fool Asset Management LLC boosted its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 220.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,614 shares of the transportation company's stock after buying an additional 32,062 shares during the period. Motley Fool Asset Management LLC owned approximately 0.16% of Herc worth $7,450,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of Herc by 8.3% during the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company's stock valued at $117,470,000 after buying an additional 56,191 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Herc by 18.4% in the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company's stock worth $74,908,000 after buying an additional 87,330 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Herc by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company's stock worth $63,011,000 after buying an additional 23,411 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Herc in the third quarter worth about $35,996,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Herc by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company's stock worth $26,439,000 after acquiring an additional 12,277 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Herc
In related news, SVP Samuel Wade Sheek sold 5,000 shares of the company'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 sale, the senior vice president now owns 21,586 shares in the company, valued at $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of the company'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 in the company, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.
Herc Stock Up 0.3 %
Shares of NYSE:HRI traded up $0.60 on Wednesday, reaching $229.29. The company had a trading volume of 169,395 shares, compared to its average volume of 251,582. Herc Holdings Inc. has a 52-week low of $119.74 and a 52-week high of $246.88. The firm's 50 day simple moving average is $198.48 and its 200-day simple moving average is $160.39. The firm has a market capitalization of $6.51 billion, a PE ratio of 18.64, a PEG ratio of 1.32 and a beta of 2.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.
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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $931.33 million. During the same quarter last year, the firm earned $4.00 EPS. Herc's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.
Analysts Set New Price Targets
HRI has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Barclays upped their target price on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price objective on Herc from $178.00 to $204.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Herc presently has a consensus rating of "Hold" and a consensus target price of $212.25.
Get Our Latest Report on HRI
Herc Profile
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Free Report)
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.
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