Impax Asset Management Group plc Reduces Holdings in Herc Holdings Inc. (NYSE:HRI)

Impax Asset Management Group plc reduced its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,532 shares of the transportation company's stock after selling 5,534 shares during the period. Impax Asset Management Group plc owned about 1.36% of Herc worth $60,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HRI. Vanguard Group Inc. raised its stake 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 during the last quarter. Tidal Investments LLC purchased a new stake in shares of Herc in the first quarter valued at about $990,000. SG Americas Securities LLC grew its position 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 valued at $752,000 after purchasing an additional 3,914 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Herc by 232.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company's stock worth $2,461,000 after purchasing an additional 10,217 shares in the last quarter. Finally, Quest Partners LLC raised its position 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 worth $914,000 after purchasing an additional 6,812 shares during the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Trading Up 3.9 %

Shares of HRI stock traded up $8.11 during trading hours on Tuesday, hitting $215.11. 365,130 shares of the company were exchanged, compared to its average volume of 244,855. The firm has a fifty day moving average of $165.58 and a 200 day moving average of $150.03. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a 1 year low of $114.54 and a 1 year high of $215.34. The firm has a market cap of $6.11 billion, a PE ratio of 17.59, a PEG ratio of 1.21 and a beta of 2.02.

Herc (NYSE:HRI - Get Free Report) last announced 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). The company had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.00 EPS. Analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.665 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.66 annualized dividend and a yield of 1.24%. Herc's dividend payout ratio is presently 21.75%.

Insider Transactions at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael A. Kelly sold 3,880 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares of the company's stock, valued at $2,876,424.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 21,586 shares in the company, valued at approximately $4,600,408.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,880 shares of company stock worth $3,342,960 in the last three months. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HRI has been the topic of a number of analyst reports. Barclays increased their target price on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. 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 research report on Wednesday, October 23rd. StockNews.com lowered shares of Herc from a "buy" rating to a "hold" rating in a report on Friday, July 12th. Robert W. Baird reiterated a "neutral" rating and set a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $212.25.

Herc Company 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.