AQR Capital Management LLC Sells 436 Shares of Herc Holdings Inc. (NYSE:HRI)

AQR Capital Management LLC cut its holdings in Herc Holdings Inc. (NYSE:HRI) by 14.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,511 shares of the transportation company’s stock after selling 436 shares during the period. AQR Capital Management LLC’s holdings in Herc were worth $335,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HRI. Capital Research Global Investors lifted its stake in Herc by 185.7% in the first quarter. Capital Research Global Investors now owns 170,649 shares of the transportation company’s stock worth $28,720,000 after purchasing an additional 110,922 shares during the last quarter. American Century Companies Inc. raised its stake in shares of 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 acquiring an additional 87,330 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Herc by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,898,147 shares of the transportation company’s stock valued at $431,505,000 after acquiring an additional 60,715 shares during the last quarter. First Sabrepoint Capital Management LP bought a new position in shares of Herc during the first quarter valued at about $8,667,000. Finally, Candriam S.C.A. bought a new position in shares of Herc during the second quarter valued at about $4,556,000. 93.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares in the company, valued at approximately $5,632,047.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $925,713.63. Following the sale, the senior vice president now owns 35,415 shares in the company, valued at approximately $5,632,047.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Aaron Birnbaum sold 10,000 shares of the company’s 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 completion of the sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Herc Price Performance

Shares of NYSE HRI opened at $173.95 on Thursday. Herc Holdings Inc. has a 1 year low of $100.17 and a 1 year high of $178.93. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50-day moving average is $147.51 and its 200 day moving average is $146.11. The stock has a market capitalization of $4.94 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.00 and a beta of 2.07.

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

Herc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, August 22nd. Herc’s dividend payout ratio (DPR) is presently 21.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price objective on shares of Herc in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Herc from $150.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday. Finally, StockNews.com downgraded 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $170.75.

Herc Company 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.