XTX Topco Ltd Takes Position in Herc Holdings Inc. (NYSE:HRI)

XTX Topco Ltd acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,552 shares of the transportation company's stock, valued at approximately $1,363,000.

A number of other large investors have also recently bought and sold shares of HRI. FMR LLC raised its position in shares of Herc by 8.3% during the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company's stock worth $117,470,000 after purchasing an additional 56,191 shares during the period. State Street Corp increased its position in Herc by 0.5% in the third quarter. State Street Corp now owns 665,904 shares of the transportation company's stock worth $106,165,000 after buying an additional 3,006 shares during the period. American Century Companies Inc. lifted its stake in Herc by 18.4% in the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company's stock valued at $74,908,000 after buying an additional 87,330 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Herc by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company's stock valued at $63,011,000 after acquiring an additional 23,411 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Herc during the third quarter valued at $35,996,000. Institutional investors own 93.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HRI shares. JPMorgan Chase & Co. increased their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Barclays raised their price target on shares of Herc from $175.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, 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 report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $212.25.

Insider Buying and Selling

In other news, 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 21,586 shares in the company, valued at $4,600,408.32. This trade 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 owned by corporate insiders.

Herc Price Performance

Shares of HRI stock traded down $1.07 during midday trading on Monday, reaching $229.07. 233,666 shares of the company were exchanged, compared to its average volume of 251,493. The company's 50 day moving average price is $204.17 and its two-hundred day moving average price is $162.55. The company has a market cap of $6.51 billion, a P/E ratio of 18.73, a PEG ratio of 1.32 and a beta of 2.02. Herc Holdings Inc. has a 12 month low of $122.84 and a 12 month 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.

Herc (NYSE:HRI - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. Herc's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.00 EPS. On average, sell-side analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Herc Dividend Announcement

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

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.