Herc Holdings Inc. (NYSE:HRI) Position Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in Herc Holdings Inc. (NYSE:HRI) by 94.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,785 shares of the transportation company’s stock after acquiring an additional 1,354 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Herc were worth $364,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after purchasing an additional 38,798 shares in the last quarter. Theleme Partners LLP boosted 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 worth $121,776,000 after buying an additional 169,886 shares during the period. Electron Capital Partners LLC grew its holdings in shares of Herc by 3.5% during the fourth quarter. Electron Capital Partners LLC now owns 605,387 shares of the transportation company’s stock valued at $90,136,000 after buying an additional 20,358 shares in the last quarter. American Century Companies Inc. raised its position in Herc by 18.4% during 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 period. Finally, Norges Bank purchased a new stake in Herc in the 4th quarter worth about $43,505,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Insider Buying and Selling

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 38,232 shares in the company, valued at $5,609,016.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Tamir Peres sold 5,821 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $159.03, for a total transaction of $925,713.63. Following the completion of the sale, the senior vice president now owns 35,415 shares in the company, valued at approximately $5,632,047.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Herc Trading Down 1.1 %

NYSE:HRI opened at $155.37 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.82 and a beta of 2.07. The stock’s 50 day moving average price is $142.04 and its 200 day moving average price is $146.36. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. Herc Holdings Inc. has a 52 week low of $100.17 and a 52 week high of $171.00.

Herc (NYSE:HRI) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.34). Herc had a return on equity of 26.99% and a net margin of 10.00%. The business had revenue of $848.00 million for the quarter, compared to analyst estimates of $813.05 million. On average, research analysts forecast that Herc Holdings Inc. will post 13.68 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Thursday, August 22nd. Herc’s payout ratio is 21.97%.

Analysts Set New Price Targets

HRI has been the topic of a number of research reports. Robert W. Baird reiterated a “neutral” rating and issued a $155.00 target price on shares of Herc in a report on Tuesday, July 23rd. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Herc in a research report on Friday, June 7th. They issued a “neutral” rating and a $155.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Herc currently has a consensus rating of “Hold” and a consensus price target of $159.50.

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.