Qsemble Capital Management LP Purchases 446 Shares of Herc Holdings Inc. (NYSE:HRI)

Qsemble Capital Management LP increased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 31.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,881 shares of the transportation company’s stock after purchasing an additional 446 shares during the period. Qsemble Capital Management LP’s holdings in Herc were worth $251,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Herc in the 1st quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its holdings in Herc by 650.0% during the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after buying an additional 208 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Herc in the first quarter valued at about $227,000. Allspring Global Investments Holdings LLC boosted its holdings in Herc by 303.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company’s stock worth $207,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Herc in the 4th quarter worth about $254,000. Institutional investors own 93.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HRI. Robert W. Baird reiterated a “neutral” rating and set a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. JPMorgan Chase & Co. assumed coverage on shares of Herc in a research report on Friday, June 7th. They issued a “neutral” rating and a $155.00 price target on the stock. Finally, StockNews.com cut Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $159.50.

Insider Activity at Herc

In other Herc news, SVP Tamir Peres sold 5,821 shares of Herc stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total value of $925,713.63. Following the completion of the transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at $5,632,047.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $159.03, for a total transaction of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares of the company’s stock, valued at $5,632,047.45. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Herc Price Performance

Shares of Herc stock opened at $138.77 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 cap of $3.94 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.82 and a beta of 2.07. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.91. The company’s fifty day simple moving average is $139.85 and its two-hundred day simple moving average is $146.58.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.34). The firm had revenue of $848.00 million for the quarter, compared to the consensus estimate of $813.05 million. Herc had a net margin of 10.00% and a return on equity of 26.99%. As a group, equities analysts expect that Herc Holdings Inc. will post 13.68 EPS for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, August 22nd. Herc’s dividend payout ratio is 21.97%.

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.