Natixis Advisors LLC Takes Position in Herc Holdings Inc. (NYSE:HRI)

Natixis Advisors LLC bought a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,406 shares of the transportation company's stock, valued at approximately $3,891,000. Natixis Advisors LLC owned 0.09% of Herc as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company's stock valued at $40,000 after purchasing an additional 208 shares during the period. Signaturefd LLC grew its holdings in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock worth $45,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd increased its position in shares of Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company's stock valued at $51,000 after purchasing an additional 133 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 raised its holdings in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock valued at $62,000 after purchasing an additional 338 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

NYSE:HRI traded up $5.16 during trading hours on Friday, reaching $222.92. 271,548 shares of the company's stock were exchanged, compared to its average volume of 376,753. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 1.25 and a beta of 2.02. Herc Holdings Inc. has a 1-year low of $119.08 and a 1-year high of $246.88. The company has a 50-day moving average of $187.77 and a 200 day moving average of $156.74.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results 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). 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 business posted $4.00 earnings per share. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts anticipate that Herc Holdings Inc. will post 13.59 EPS for the current year.

Wall Street Analyst Weigh In

HRI has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on Herc from $178.00 to $204.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Barclays raised their target price on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $212.25.

Insider Buying and Selling at Herc

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This represents a 20.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Kelly sold 3,880 shares of the firm's stock in a transaction dated 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 sale, the director now owns 13,774 shares of the company's stock, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,880 shares of company stock valued at $3,342,960. 1.80% of the stock is owned by company insiders.

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.