Two Sigma Advisers LP Has $14.14 Million Stock Position in Herc Holdings Inc. (NYSE:HRI)

Two Sigma Advisers LP reduced its position in Herc Holdings Inc. (NYSE:HRI - Free Report) by 4.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 88,687 shares of the transportation company's stock after selling 4,600 shares during the period. Two Sigma Advisers LP owned 0.31% of Herc worth $14,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company's stock valued at $45,000 after buying an additional 61 shares during the period. Covestor Ltd raised 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 lifted its stake in shares of Herc by 369.9% in the 3rd 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 during the period. GAMMA Investing LLC boosted its position in shares of Herc by 704.2% in the 3rd 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 acquired a new stake in shares of Herc during the third quarter worth $80,000. Institutional investors own 93.11% of the company's stock.

Insider Activity

In other Herc news, 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 value of $810,260.40. Following the sale, the director now owns 13,774 shares in the company, valued at $2,876,424.42. This represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of Herc stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the transaction, the senior vice president now owns 21,586 shares of the company's stock, valued at $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their target price on Herc from $178.00 to $204.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Herc from $200.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $212.25.

Herc Stock Down 0.5 %

Herc stock traded down $1.07 during mid-day trading on Monday, reaching $229.07. The company's stock had a trading volume of 233,666 shares, compared to its average volume of 251,493. The business's 50 day simple moving average is $202.77 and its 200 day simple moving average is $161.98. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. Herc Holdings Inc. has a 12 month low of $122.84 and a 12 month high of $246.88. The company 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.

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

Herc Announces Dividend

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

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.