Herc Holdings Inc. (NYSE:HRI) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in Herc Holdings Inc. (NYSE:HRI - Free Report) by 51.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,342 shares of the transportation company's stock after selling 11,180 shares during the period. Quantbot Technologies LP's holdings in Herc were worth $1,649,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new stake in shares of Herc during the 1st quarter valued at approximately $990,000. SG Americas Securities LLC raised its holdings in Herc by 226.4% during the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company's stock worth $752,000 after purchasing an additional 3,914 shares during the last quarter. Quest Partners LLC boosted its position in Herc by 15,137.8% during the second 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 in the last quarter. Lombard Odier Asset Management USA Corp grew its holdings in Herc by 265.6% in the second quarter. Lombard Odier Asset Management USA Corp now owns 9,534 shares of the transportation company's stock valued at $1,271,000 after purchasing an additional 6,926 shares during the last quarter. Finally, Candriam S.C.A. purchased a new position in shares of Herc in the second quarter valued at $4,556,000. Hedge funds and other institutional investors own 93.11% of the company's stock.

Insiders Place Their Bets

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 21,586 shares of the company's stock, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the transaction, the director now directly owns 13,774 shares of the company's stock, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HRI. Barclays boosted their price objective on shares of Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Herc from $178.00 to $204.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Herc presently has an average rating of "Hold" and a consensus target price of $212.25.

Herc Trading Up 1.0 %

NYSE:HRI traded up $2.25 on Friday, reaching $232.00. The stock had a trading volume of 153,662 shares, compared to its average volume of 252,126. Herc Holdings Inc. has a 12-month low of $119.74 and a 12-month high of $246.88. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.32 and a beta of 2.02. The firm's fifty day moving average is $195.60 and its two-hundred day moving average is $159.35. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22.

Herc (NYSE:HRI - Get Free Report) last announced 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 firm had revenue of $965.00 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $4.00 EPS. Equities analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

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.