Insider Selling: Herc Holdings Inc. (NYSE:HRI) SVP Sells 5,000 Shares of Stock

Herc Holdings Inc. (NYSE:HRI - Get Free Report) SVP Samuel Wade Sheek sold 5,000 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the sale, the senior vice president now owns 21,586 shares of the company's stock, valued at approximately $4,600,408.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Herc Price Performance

Shares of HRI stock traded down $3.74 during trading on Tuesday, hitting $210.86. The company had a trading volume of 429,886 shares, compared to its average volume of 242,347. The firm has a market capitalization of $5.99 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.26 and a beta of 2.07. Herc Holdings Inc. has a one year low of $105.00 and a one year high of $214.62. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. The stock's 50-day moving average price is $157.30 and its 200 day moving average price is $147.67.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing analysts' consensus estimates of $4.48 by ($0.13). Herc had a net margin of 10.09% and a return on equity of 27.16%. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the previous year, the company posted $4.00 earnings per share. The business's revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that Herc Holdings Inc. will post 13.17 EPS for the current fiscal year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.665 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 1.26%. Herc's dividend payout ratio (DPR) is 21.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HRI shares. Robert W. Baird restated a "neutral" rating and set a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. Barclays lifted their price target on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut shares of Herc from a "buy" rating to a "hold" rating in a research report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $212.25.

Institutional Investors Weigh In On Herc

Several institutional investors and hedge funds have recently added to or reduced their stakes in HRI. Vanguard Group Inc. raised its holdings in shares of Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company's stock worth $494,288,000 after buying an additional 38,798 shares in the last quarter. Tidal Investments LLC acquired a new position in Herc during the first quarter worth about $990,000. SG Americas Securities LLC lifted its holdings in shares of Herc by 226.4% in the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company's stock worth $752,000 after acquiring an additional 3,914 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Herc by 232.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company's stock valued at $2,461,000 after purchasing an additional 10,217 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Herc by 15,137.8% during the 2nd quarter. Quest Partners LLC now owns 6,857 shares of the transportation company's stock valued at $914,000 after purchasing an additional 6,812 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

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.

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