Herc Holdings Inc. (NYSE:HRI) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 39.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,109 shares of the transportation company’s stock after selling 29,500 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.16% of Herc worth $6,013,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HRI. Theleme Partners LLP raised its position in shares of Herc by 26.2% during the 4th quarter. Theleme Partners LLP now owns 817,891 shares of the transportation company’s stock worth $121,776,000 after purchasing an additional 169,886 shares during the period. SageView Advisory Group LLC acquired a new stake in Herc in the fourth quarter worth $914,000. Wells Fargo & Company MN lifted its stake in Herc by 20.1% in the fourth quarter. Wells Fargo & Company MN now owns 84,185 shares of the transportation company’s stock valued at $12,534,000 after buying an additional 14,069 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Herc by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock valued at $494,288,000 after acquiring an additional 38,798 shares during the period. Finally, Electron Capital Partners LLC grew its position 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 worth $90,136,000 after acquiring an additional 20,358 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Herc Stock Down 1.1 %

Herc stock opened at $155.37 on Friday. The company’s 50-day moving average price is $142.04 and its two-hundred day moving average price is $146.36. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.82 and a beta of 2.07. Herc Holdings Inc. has a 52 week low of $100.17 and a 52 week high of $171.00. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.91.

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

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders 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 of this dividend was Thursday, August 22nd. Herc’s dividend payout ratio is presently 21.97%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HRI shares. Robert W. Baird reissued a “neutral” rating and set a $155.00 target price on shares of Herc in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. assumed coverage on Herc in a report on Friday, June 7th. They issued a “neutral” rating and a $155.00 price objective for the company. Finally, StockNews.com cut Herc from a “buy” rating to a “hold” rating in a research 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.