Goldman Sachs Group Inc. Sells 27,153 Shares of Herc Holdings Inc. (NYSE:HRI)

Goldman Sachs Group Inc. lowered its position in Herc Holdings Inc. (NYSE:HRI) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,916 shares of the transportation company’s stock after selling 27,153 shares during the period. Goldman Sachs Group Inc. owned 1.08% of Herc worth $45,697,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HRI. SummerHaven Investment Management LLC raised its position in Herc by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 4,973 shares of the transportation company’s stock worth $740,000 after purchasing an additional 74 shares during the last quarter. CWM LLC raised its position in Herc by 45.3% in the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after purchasing an additional 112 shares during the last quarter. Signaturefd LLC raised its position in Herc by 213.3% in the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 160 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Herc by 576.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock worth $46,000 after purchasing an additional 265 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Herc by 6.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,476 shares of the transportation company’s stock worth $964,000 after purchasing an additional 413 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Shares of HRI stock opened at $133.77 on Friday. Herc Holdings Inc. has a 12-month low of $100.17 and a 12-month high of $171.00. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.67 and a beta of 2.17. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.95. The firm has a fifty day moving average of $146.08 and a 200-day moving average of $149.10.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.12). Herc had a net margin of 10.31% and a return on equity of 28.68%. The firm had revenue of $804.00 million during the quarter. On average, equities research analysts forecast that Herc Holdings Inc. will post 14.1 earnings per share for the current year.

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, May 30th. Herc’s dividend payout ratio (DPR) is 21.97%.

Insider Activity

In related news, COO Aaron Birnbaum sold 5,844 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the sale, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at approximately $7,347,180.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Aaron Birnbaum sold 5,844 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $152.33, for a total value of $890,216.52. Following the sale, the chief operating officer now directly owns 48,232 shares of the company’s stock, valued at approximately $7,347,180.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christian J. Cunningham sold 6,607 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $155.37, for a total transaction of $1,026,529.59. Following the completion of the sale, the senior vice president now directly owns 60,029 shares in the company, valued at $9,326,705.73. The disclosure for this sale can be found here. Insiders sold 32,451 shares of company stock valued at $5,092,946 in the last quarter. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HRI. The Goldman Sachs Group boosted their price objective on shares of Herc from $155.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. began coverage on shares of Herc in a report on Friday, June 7th. They set a “neutral” rating and a $155.00 target price for the company. Finally, StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Herc currently has an average rating of “Hold” and an average target price of $153.00.

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.