Gabelli Funds LLC Has $68.67 Million Holdings in Herc Holdings Inc. (NYSE:HRI)

Gabelli Funds LLC decreased its position in shares of Herc Holdings Inc. (NYSE:HRI) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 515,162 shares of the transportation company’s stock after selling 3,550 shares during the quarter. Gabelli Funds LLC owned about 1.81% of Herc worth $68,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Herc by 32.2% during the fourth quarter. Principal Financial Group Inc. now owns 22,755 shares of the transportation company’s stock worth $3,388,000 after buying an additional 5,544 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Herc by 17.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,371 shares of the transportation company’s stock worth $502,000 after acquiring an additional 496 shares during the last quarter. Norges Bank bought a new position in Herc in the 4th quarter valued at about $43,505,000. UBS Group AG boosted its stake in Herc by 110.6% during the 4th quarter. UBS Group AG now owns 43,605 shares of the transportation company’s stock valued at $6,492,000 after purchasing an additional 22,895 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Herc by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 84,185 shares of the transportation company’s stock worth $12,534,000 after purchasing an additional 14,069 shares in the last quarter. 93.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Herc news, SVP Tamir Peres sold 5,821 shares of the company’s stock in a transaction dated 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 directly owns 35,415 shares of the company’s stock, valued at $5,632,047.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Aaron Birnbaum sold 10,000 shares of the 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 sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the senior vice president now directly owns 35,415 shares of the company’s stock, valued at approximately $5,632,047.45. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Herc Stock Performance

Shares of HRI stock opened at $155.37 on Friday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 12.83, a P/E/G 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 firm’s 50-day simple moving average is $142.04 and its two-hundred day simple moving average is $146.21.

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

Herc Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports 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. began coverage on shares of Herc in a research note on Friday, June 7th. They issued 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 research report on Friday, July 12th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $159.50.

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.