Herc Holdings Inc. (NYSE:HRI) Position Increased by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC increased its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 26.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,863 shares of the transportation company's stock after acquiring an additional 17,315 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.29% of Herc worth $13,211,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC boosted its position in shares of Herc by 8.3% in the third quarter. FMR LLC now owns 736,809 shares of the transportation company's stock worth $117,470,000 after acquiring an additional 56,191 shares during the last quarter. American Century Companies Inc. boosted 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 acquiring an additional 87,330 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 23,411 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Herc in the third quarter worth approximately $35,996,000. Finally, Bank of New York Mellon Corp lifted its position in Herc by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company's stock valued at $26,439,000 after buying an additional 12,277 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Down 0.4 %

Shares of HRI traded down $0.84 during mid-day trading on Wednesday, reaching $227.85. 93,081 shares of the stock traded hands, compared to its average volume of 251,508. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.32 and a beta of 2.02. The stock has a fifty day simple moving average of $198.48 and a 200 day simple moving average of $160.39. Herc Holdings Inc. has a 12-month low of $119.74 and a 12-month high of $246.88. 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 posted its quarterly earnings data 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 firm had revenue of $965.00 million for 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%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.00 EPS. Sell-side analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on HRI. JPMorgan Chase & Co. lifted their price target on shares of Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Barclays lifted their price target 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 lifted their price target 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Herc presently has a consensus rating of "Hold" and an average price target of $212.25.

Insider Activity

In related news, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction 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 completion of the sale, the senior vice president now owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares of the company's stock, valued at approximately $2,876,424.42. This trade 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 Company 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.