Herc Holdings Inc. (NYSE:HRI) Shares Purchased by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp raised its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 265.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,534 shares of the transportation company’s stock after acquiring an additional 6,926 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Herc were worth $1,271,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. SummerHaven Investment Management LLC increased its position in shares of Herc by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock valued at $686,000 after acquiring an additional 108 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Herc by 3.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,086 shares of the transportation company’s stock valued at $811,000 after purchasing an additional 178 shares during the period. Headlands Technologies LLC purchased a new position in shares of Herc in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 208 shares during the period. Finally, Midwest Financial Group LLC boosted its stake in shares of Herc by 21.1% in the first quarter. Midwest Financial Group LLC now owns 1,840 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 320 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of Herc stock opened at $155.37 on Monday. The firm’s fifty day simple moving average is $142.04 and its 200-day simple moving average is $146.09. The stock has a market capitalization 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 12 month low of $100.17 and a 12 month high of $171.00. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23.

Herc (NYSE:HRI) last announced its 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). The business had revenue of $848.00 million during 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%. 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 disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a $0.665 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 annualized dividend and a yield of 1.71%. Herc’s dividend payout ratio is currently 21.97%.

Insider Buying and Selling at Herc

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Herc news, SVP Tamir Peres sold 5,821 shares of the business’s stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Aaron Birnbaum sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares in the company, valued at $5,609,016.72. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. initiated coverage on shares of Herc in a research note on Friday, June 7th. They issued a “neutral” rating and a $155.00 price target for the company. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $155.00 price target on shares of Herc in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Herc currently has an average 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.