Quadrature Capital Ltd Has $606,000 Stake in Herc Holdings Inc. (NYSE:HRI)

Quadrature Capital Ltd lessened its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 56.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,797 shares of the transportation company's stock after selling 4,948 shares during the quarter. Quadrature Capital Ltd's holdings in Herc were worth $606,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC boosted its position in Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd raised its stake in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company's stock worth $51,000 after purchasing an additional 133 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company's stock valued at $55,000 after buying an additional 270 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock valued at $62,000 after buying an additional 338 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Herc in the 3rd quarter valued at approximately $80,000. Institutional investors and hedge funds own 93.11% of the company's stock.

Insider Buying and Selling

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 21,586 shares of the company's stock, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the transaction, the director now owns 13,774 shares of the company's stock, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Herc Stock Performance

HRI stock traded down $1.07 during midday trading on Monday, hitting $229.07. 233,666 shares of the company traded hands, compared to its average volume of 251,493. Herc Holdings Inc. has a twelve month low of $122.84 and a twelve month high of $246.88. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.32 and a beta of 2.02. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The business has a 50 day simple moving average of $202.77 and a 200-day simple moving average of $161.98.

Herc (NYSE:HRI - Get Free Report) last posted its earnings results 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). The firm 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 business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.00 earnings per share. As a group, equities research analysts predict that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Herc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be given a dividend of $0.665 per share. The ex-dividend date is Monday, December 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.16%. Herc's dividend payout ratio is presently 21.75%.

Analysts Set New Price Targets

A number of analysts have issued reports on HRI shares. JPMorgan Chase & Co. lifted their target price 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. Barclays raised their price target on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.