Creative Planning Has $1.73 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Creative Planning lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 60.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,848 shares of the transportation company's stock after buying an additional 4,080 shares during the quarter. Creative Planning's holdings in Herc were worth $1,729,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. SummerHaven Investment Management LLC raised its holdings in shares of Herc by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company's stock valued at $686,000 after buying an additional 108 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Herc by 3.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,086 shares of the transportation company's stock valued at $811,000 after buying an additional 178 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Herc by 5.2% during the 2nd quarter. Mackenzie Financial Corp now owns 3,758 shares of the transportation company's stock valued at $501,000 after buying an additional 185 shares during the period. Headlands Technologies LLC purchased a new stake in Herc during the 1st quarter worth approximately $31,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Herc by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,619 shares of the transportation company's stock worth $2,215,000 after purchasing an additional 195 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Herc Stock Performance

Shares of NYSE HRI traded down $3.72 during trading on Tuesday, reaching $210.88. The stock had a trading volume of 429,886 shares, compared to its average volume of 242,347. 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 has a market cap of $5.99 billion, a PE ratio of 17.41, a P/E/G ratio of 1.26 and a beta of 2.07. The firm's 50 day moving average price is $157.30 and its two-hundred day moving average price is $147.67.

Herc (NYSE:HRI - Get Free Report) last released 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). 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 analyst estimates of $931.33 million. During the same quarter in the prior year, the firm earned $4.00 EPS. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts forecast that Herc Holdings Inc. will post 13.17 earnings per share for the current fiscal year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.665 per share. The ex-dividend date of this dividend 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 presently 21.97%.

Insiders Place Their Bets

In other Herc news, SVP Tamir Peres sold 5,821 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the transaction, the senior vice president now owns 35,415 shares in the company, valued at approximately $5,632,047.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Tamir Peres sold 5,821 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the sale, the senior vice president now owns 35,415 shares in the company, valued at $5,632,047.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company's 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 of the company's stock, valued at approximately $4,600,408.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,701 shares of company stock worth $4,268,674. 1.80% of the stock is owned by company insiders.

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.