Whalen Wealth Management Inc. Has $381,000 Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Whalen Wealth Management Inc. lessened its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,012 shares of the transportation company's stock after selling 2,821 shares during the quarter. Whalen Wealth Management Inc.'s holdings in Herc were worth $381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRI. Argent Capital Management LLC grew its holdings in shares of Herc by 38.2% during the fourth quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company's stock worth $1,308,000 after buying an additional 1,910 shares in the last quarter. Farther Finance Advisors LLC raised 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 during the last quarter. Algert Global LLC lifted its position in shares of Herc by 153.0% in the second quarter. Algert Global LLC now owns 26,663 shares of the transportation company's stock worth $3,554,000 after purchasing an additional 16,123 shares in the last quarter. State Street Corp boosted its holdings in Herc by 0.5% during the third quarter. State Street Corp now owns 665,904 shares of the transportation company's stock worth $106,165,000 after purchasing an additional 3,006 shares during the last quarter. Finally, TT International Asset Management LTD grew its position in Herc by 324.6% in the third quarter. TT International Asset Management LTD now owns 14,346 shares of the transportation company's stock valued at $2,287,000 after purchasing an additional 10,967 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HRI. Barclays raised their price objective on Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on Herc from $204.00 to $234.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $219.75.

Insider Activity

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the 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 sale, the senior vice president now owns 21,586 shares in the company, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

Herc Stock Performance

Shares of HRI stock traded up $0.77 on Thursday, hitting $208.20. The company's stock had a trading volume of 334,408 shares, compared to its average volume of 298,464. Herc Holdings Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $246.88. 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 50 day moving average is $205.31 and its 200-day moving average is $175.69. The company has a market capitalization of $5.91 billion, a PE ratio of 17.02, a PEG ratio of 1.09 and a beta of 2.06.

Herc (NYSE:HRI - Get Free Report) last released 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 business had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.00 earnings per share. Equities research analysts expect that Herc Holdings Inc. will post 13.48 earnings per share for the current fiscal year.

Herc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.665 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.66 annualized dividend and a yield of 1.28%. Herc's dividend payout ratio is presently 21.75%.

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.