Assenagon Asset Management S.A. Has $5.50 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Assenagon Asset Management S.A. lowered its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 19.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,504 shares of the transportation company's stock after selling 8,545 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.12% of Herc worth $5,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC increased its stake in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock worth $45,000 after purchasing an additional 61 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in 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 acquiring an additional 108 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 acquiring an additional 178 shares in the last quarter. Mackenzie Financial Corp grew its stake in 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 acquiring an additional 185 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Herc during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Herc Stock Down 0.2 %

Shares of Herc stock traded down $0.51 during trading on Wednesday, hitting $210.35. 345,154 shares of the stock traded hands, compared to its average volume of 242,836. The stock has a market cap of $5.97 billion, a P/E ratio of 17.37, a PEG ratio of 1.26 and a beta of 2.07. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. Herc Holdings Inc. has a twelve month low of $105.00 and a twelve month high of $214.62. The company has a fifty day moving average price of $158.79 and a two-hundred day moving average price of $148.05.

Herc (NYSE:HRI - Get Free Report) last posted 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 return on equity of 27.16% and a net margin of 10.09%. The company had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. During the same quarter last year, the firm posted $4.00 earnings per share. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that Herc Holdings Inc. will post 13.17 EPS for the current fiscal year.

Herc Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 directly owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO Aaron Birnbaum sold 10,000 shares of the company's stock in a transaction that occurred 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 in the company, valued at $5,609,016.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,880 shares of company stock worth $3,342,960. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.