Herc Holdings Inc. (NYSE:HRI) Shares Acquired by US Bancorp DE

US Bancorp DE increased its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 187.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,303 shares of the transportation company’s stock after purchasing an additional 850 shares during the quarter. US Bancorp DE’s holdings in Herc were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Herc by 113.7% in the 1st quarter. SG Americas Securities LLC now owns 1,729 shares of the transportation company’s stock worth $291,000 after acquiring an additional 920 shares during the period. Headlands Technologies LLC purchased a new stake in Herc in the 1st quarter valued at approximately $31,000. ProShare Advisors LLC increased its position in Herc by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,082 shares of the transportation company’s stock worth $855,000 after purchasing an additional 398 shares during the period. Vanguard Group Inc. raised its stake in shares of Herc by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after buying an additional 38,798 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Herc in the 1st quarter valued at approximately $416,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the firm’s 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 sale, 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 20.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the sale, the director now owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,880 shares of company stock worth $3,342,960 in the last ninety days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HRI. The Goldman Sachs Group upped their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays raised their price objective on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird restated a “neutral” rating and set a $155.00 target price on shares of Herc in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Herc presently has an average rating of “Hold” and a consensus target price of $212.25.

Herc Trading Down 2.1 %

Shares of HRI stock opened at $217.45 on Friday. Herc Holdings Inc. has a fifty-two week low of $119.08 and a fifty-two week high of $246.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The business has a fifty day simple moving average of $176.13 and a 200-day simple moving average of $153.31. The stock has a market cap of $6.18 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.29 and a beta of 2.02.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.00 EPS. On average, analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

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.