Jade Capital Advisors LLC Acquires New Holdings in Herc Holdings Inc. (NYSE:HRI)

Jade Capital Advisors LLC acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 20,000 shares of the transportation company's stock, valued at approximately $3,189,000. Herc accounts for about 2.0% of Jade Capital Advisors LLC's portfolio, making the stock its 15th largest position. Jade Capital Advisors LLC owned 0.07% of Herc as of its most recent SEC filing.

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

Herc Stock Up 17.5 %

Shares of HRI stock traded up $29.65 during mid-day trading on Tuesday, reaching $198.72. 1,266,987 shares of the company were exchanged, compared to its average volume of 233,586. Herc Holdings Inc. has a fifty-two week low of $100.17 and a fifty-two week high of $202.30. 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 company has a market capitalization of $5.64 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.00 and a beta of 2.07. The business's 50 day simple moving average is $149.94 and its 200 day simple moving average is $146.13.

Herc (NYSE:HRI - Get Free Report) last released its quarterly 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 return on equity of 26.99% and a net margin of 10.00%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. During the same period in the previous year, the business posted $4.00 EPS. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Herc Holdings Inc. will post 13.68 earnings per share for the current year.

Herc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, August 22nd. Herc's payout ratio is currently 21.97%.

Analysts Set New Price Targets

Several analysts have issued reports on HRI shares. JPMorgan Chase & Co. increased their price objective on shares of Herc from $150.00 to $200.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Robert W. Baird reaffirmed a "neutral" rating and issued a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. Finally, StockNews.com downgraded shares of Herc from a "buy" rating to a "hold" rating in a research report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $170.75.

Insider Transactions at Herc

In other Herc news, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the transaction, the senior vice president now owns 35,415 shares of the company's stock, valued at $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Herc news, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the transaction, the senior vice president now owns 35,415 shares of the company's stock, valued at $5,632,047.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares of the company's stock, valued at approximately $5,609,016.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

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.