TT International Asset Management LTD Grows Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

TT International Asset Management LTD lifted its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 324.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,346 shares of the transportation company's stock after buying an additional 10,967 shares during the period. TT International Asset Management LTD owned approximately 0.05% of Herc worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock worth $45,000 after buying an additional 61 shares during the last quarter. Covestor Ltd raised its holdings in Herc by 70.4% during the third 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 period. Farther Finance Advisors LLC increased 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 worth $55,000 after purchasing an additional 270 shares during the last quarter. GAMMA Investing LLC increased 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 worth $62,000 after purchasing an additional 338 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Herc in the third quarter worth about $80,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Herc Price Performance

Herc stock traded down $3.57 during midday trading on Wednesday, reaching $208.98. The company had a trading volume of 192,856 shares, compared to its average volume of 251,503. The company has a market capitalization of $5.94 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.32 and a beta of 2.02. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88. The firm's fifty day simple moving average is $205.22 and its 200-day simple moving average is $163.01. 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 issued 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 analysts' expectations of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.00 earnings per share. As a group, equities analysts anticipate that Herc Holdings Inc. will post 13.59 EPS for the current year.

Herc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a $0.665 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.27%. Herc's payout ratio is 21.75%.

Insider Buying and Selling at Herc

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $1,065,600.00. Following the completion of the transaction, the senior vice president now directly owns 21,586 shares of the company's stock, valued at $4,600,408.32. This represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Barclays upped their target price on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, 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 report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $212.25.

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.