Creative Planning Raises Stock Position in Herc Holdings Inc. (NYSE:HRI)

Creative Planning lifted its position in Herc Holdings Inc. (NYSE:HRI) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,768 shares of the transportation company’s stock after buying an additional 338 shares during the period. Creative Planning’s holdings in Herc were worth $902,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Herc in the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its stake in Herc by 650.0% during the 1st 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 in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Herc during the 1st quarter valued at approximately $227,000. Qsemble Capital Management LP acquired a new position in Herc during the 1st quarter valued at approximately $242,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Herc by 303.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,551 shares of the transportation company’s stock valued at $207,000 after purchasing an additional 1,167 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HRI shares. Robert W. Baird restated a “neutral” rating and set a $155.00 price target on shares of Herc in a research note 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $159.50.

Herc Stock Up 1.4 %

HRI stock opened at $166.00 on Friday. The firm’s fifty day simple moving average is $144.64 and its 200-day simple moving average is $146.23. The company has a market capitalization of $4.71 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.00 and a beta of 2.07. 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 Holdings Inc. has a 12 month low of $100.17 and a 12 month high of $171.00.

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

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, August 22nd. Herc’s dividend payout ratio (DPR) is presently 22.33%.

Insider Buying and Selling

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the 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 transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Tamir Peres sold 5,821 shares of the 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 sale, the senior vice president now directly owns 35,415 shares in the company, valued at $5,632,047.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Aaron Birnbaum sold 10,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 38,232 shares of the company’s stock, valued at $5,609,016.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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.