Whalen Wealth Management Inc. Buys Shares of 4,833 Herc Holdings Inc. (NYSE:HRI)

Whalen Wealth Management Inc. bought a new stake in Herc Holdings Inc. (NYSE:HRI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,833 shares of the transportation company's stock, valued at approximately $771,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRI. SG Americas Securities LLC grew its holdings in Herc by 113.7% in the 1st quarter. SG Americas Securities LLC now owns 1,729 shares of the transportation company's stock valued at $291,000 after buying an additional 920 shares during the last quarter. ProShare Advisors LLC raised its position in Herc by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 5,082 shares of the transportation company's stock valued at $855,000 after purchasing an additional 398 shares during the last quarter. Vanguard Group Inc. raised its position in Herc by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company's stock valued at $494,288,000 after purchasing an additional 38,798 shares during the last quarter. Seven Eight Capital LP bought a new position in Herc in the 1st quarter valued at $416,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in Herc by 232.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company's stock valued at $2,461,000 after acquiring an additional 10,217 shares during the period. Institutional investors and hedge funds own 93.11% of the company's stock.

Analyst Upgrades and Downgrades

HRI has been the subject of several recent research reports. Barclays upped their price objective on Herc from $175.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Robert W. Baird reaffirmed a "neutral" rating and set a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price objective 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 stock a "buy" rating in a research report 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $212.25.

Herc Stock Down 0.9 %

HRI traded down $1.89 on Tuesday, hitting $215.60. 265,725 shares of the company were exchanged, compared to its average volume of 252,063. Herc Holdings Inc. has a 12 month low of $119.08 and a 12 month high of $246.88. The company has a market cap of $6.13 billion, a PE ratio of 17.81, a PEG ratio of 1.25 and a beta of 2.02. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The stock's fifty day moving average is $181.19 and its 200-day moving average is $154.83.

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 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 company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the previous year, the company posted $4.00 EPS. The business's revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Insider Buying and Selling at Herc

In other news, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This trade represents a 20.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Kelly sold 3,880 shares of the 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 transaction, the director now owns 13,774 shares in the company, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,880 shares of company stock worth $3,342,960 over the last 90 days. Company insiders own 1.70% of the company's stock.

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.