Vaughan Nelson Investment Management L.P. Purchases New Stake in Herc Holdings Inc. (NYSE:HRI)

Vaughan Nelson Investment Management L.P. acquired a new position in Herc Holdings Inc. (NYSE:HRI - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 225,780 shares of the transportation company's stock, valued at approximately $35,996,000. Vaughan Nelson Investment Management L.P. owned 0.79% of Herc as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC acquired a new stake in shares of Herc in the third quarter worth $3,891,000. KBC Group NV boosted its position in Herc by 20.1% during the 3rd quarter. KBC Group NV now owns 854 shares of the transportation company's stock worth $136,000 after acquiring an additional 143 shares during the period. MQS Management LLC grew its stake in Herc by 3.8% during the 3rd quarter. MQS Management LLC now owns 1,945 shares of the transportation company's stock valued at $310,000 after acquiring an additional 71 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Herc by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company's stock valued at $928,000 after purchasing an additional 284 shares during the period. Finally, Chartwell Investment Partners LLC lifted its position in shares of Herc by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company's stock worth $1,275,000 after purchasing an additional 65 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HRI shares. Robert W. Baird reiterated a "neutral" rating and issued a $155.00 price objective on shares of Herc in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price target 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. Barclays lifted their price objective on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on Herc from $178.00 to $204.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $212.25.

Herc Stock Up 0.1 %

Herc stock traded up $0.13 during mid-day trading on Friday, hitting $217.67. 353,116 shares of the company's stock were exchanged, compared to its average volume of 506,552. Herc Holdings Inc. has a 1-year low of $119.08 and a 1-year high of $246.88. The stock has a 50 day moving average of $179.49 and a two-hundred day moving average of $154.28. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock has a market cap of $6.18 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.25 and a beta of 2.02.

Herc (NYSE:HRI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 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 for the quarter, compared to analyst estimates of $931.33 million. During the same period in the prior year, the company posted $4.00 EPS. The business's revenue was up 6.3% on a year-over-year basis. As a group, analysts anticipate that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Insider Buying and Selling at Herc

In related news, COO Aaron Birnbaum sold 10,000 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares of the company's stock, valued at approximately $5,609,016.72. The trade was a 20.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of the firm's stock in a transaction 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 18,880 shares of company stock worth $3,342,960 over the last 90 days. Insiders own 1.80% of the company's stock.

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.