Herc Holdings Inc. (NYSE:HRI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in Herc Holdings Inc. (NYSE:HRI) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 845,472 shares of the transportation company’s stock after selling 45,809 shares during the quarter. Wellington Management Group LLP owned approximately 2.99% of Herc worth $125,882,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HRI. Norges Bank purchased a new stake in shares of Herc in the fourth quarter valued at $43,505,000. Capital International Investors purchased a new stake in shares of Herc in the fourth quarter valued at $30,457,000. Theleme Partners LLP grew its position in shares of Herc by 26.2% in the fourth quarter. Theleme Partners LLP now owns 817,891 shares of the transportation company’s stock valued at $121,776,000 after purchasing an additional 169,886 shares during the period. Electron Capital Partners LLC grew its position in shares of Herc by 22.6% in the third quarter. Electron Capital Partners LLC now owns 585,029 shares of the transportation company’s stock valued at $69,583,000 after purchasing an additional 107,708 shares during the period. Finally, Capital Research Global Investors purchased a new stake in shares of Herc in the fourth quarter valued at $8,893,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Price Performance

HRI stock opened at $133.77 on Friday. The stock has a 50-day moving average price of $146.08 and a two-hundred day moving average price of $149.10. Herc Holdings Inc. has a 12-month low of $100.17 and a 12-month high of $171.00. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.95. The company has a market cap of $3.80 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.67 and a beta of 2.17.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter. As a group, research analysts predict that Herc Holdings Inc. will post 14.1 EPS for the current year.

Herc Announces Dividend

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

Insider Transactions at Herc

In other news, COO Aaron Birnbaum sold 5,844 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the sale, the chief operating officer now owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO Aaron Birnbaum sold 5,844 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the completion of the sale, the chief operating officer now owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christian J. Cunningham sold 6,607 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $155.37, for a total value of $1,026,529.59. Following the completion of the sale, the senior vice president now directly owns 60,029 shares of the company’s stock, valued at approximately $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 over the last quarter. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

HRI has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. began coverage on Herc in a research report on Friday, June 7th. They issued a “neutral” rating and a $155.00 price objective for the company. Finally, StockNews.com downgraded Herc from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Herc has an average rating of “Hold” and a consensus target price of $153.00.

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.