Townsquare Capital LLC Makes New $367,000 Investment in Herc Holdings Inc. (NYSE:HRI)

Townsquare Capital LLC acquired a new stake in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 2,305 shares of the transportation company's stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC grew its holdings in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after buying an additional 61 shares in the last quarter. Covestor Ltd boosted its position in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company's stock valued at $51,000 after acquiring an additional 133 shares during the last quarter. Farther Finance Advisors LLC grew 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 purchasing an additional 270 shares in the last quarter. GAMMA Investing LLC increased its position in Herc by 704.2% in the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company's stock worth $62,000 after purchasing an additional 338 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Herc during the third quarter valued at $80,000. Institutional investors own 93.11% of the company's stock.

Herc Trading Up 0.7 %

Shares of Herc stock traded up $1.52 during trading on Friday, hitting $230.14. The stock had a trading volume of 152,458 shares, compared to its average volume of 251,568. The stock has a market cap of $6.54 billion, a PE ratio of 18.82, a PEG ratio of 1.31 and a beta of 2.02. Herc Holdings Inc. has a 12 month low of $119.98 and a 12 month high of $246.88. The firm's fifty day simple moving average is $202.77 and its 200-day simple moving average is $161.86. 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). Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. During the same period in the previous year, the business earned $4.00 EPS. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.16%. Herc's dividend payout ratio (DPR) is 21.75%.

Insider Activity

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the company's stock in a transaction on Tuesday, October 29th. The stock was 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 directly owns 21,586 shares in the company, valued at $4,600,408.32. This represents a 18.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the transaction, the director now owns 13,774 shares in the company, 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. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HRI. Barclays lifted their price objective on shares of 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. lifted their price target on Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price objective on Herc from $178.00 to $204.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.