Herc Holdings Inc. (NYSE:HRI) Shares Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 145.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,725 shares of the transportation company's stock after buying an additional 54,400 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.32% of Herc worth $14,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Herc in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 208 shares during the period. Signaturefd LLC boosted its holdings in shares of Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after acquiring an additional 61 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock valued at $55,000 after acquiring an additional 270 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Herc by 704.2% in the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock valued at $62,000 after acquiring an additional 338 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

NYSE:HRI traded up $1.03 during trading hours on Friday, hitting $210.17. The company's stock had a trading volume of 370,951 shares, compared to its average volume of 243,411. The business's 50-day moving average is $162.94 and its two-hundred day moving average is $149.20. The company has a market capitalization of $5.97 billion, a PE ratio of 17.18, a PEG ratio of 1.21 and a beta of 2.07. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. Herc Holdings Inc. has a 52-week low of $108.50 and a 52-week high of $214.62.

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 the consensus estimate of $4.48 by ($0.13). The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The company's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.00 EPS. As a group, research analysts anticipate that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, August 22nd. Herc's dividend payout ratio is currently 21.75%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, COO Aaron Birnbaum sold 10,000 shares of the firm's 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 $5,609,016.72. This trade 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 the SEC website. In other news, COO Aaron Birnbaum sold 10,000 shares of the firm's 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 $5,609,016.72. This trade 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 the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the firm'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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 18,880 shares of company stock worth $3,342,960 over the last 90 days. 1.80% of the stock is currently owned by corporate 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.