Citigroup Inc. Has $4.44 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Citigroup Inc. grew its holdings in Herc Holdings Inc. (NYSE:HRI) by 191.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,858 shares of the transportation company’s stock after acquiring an additional 18,289 shares during the period. Citigroup Inc. owned 0.10% of Herc worth $4,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HRI. American Century Companies Inc. increased its position in Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after acquiring an additional 87,330 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Herc by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock valued at $63,011,000 after purchasing an additional 23,411 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Herc during the 3rd quarter worth about $35,996,000. Bank of New York Mellon Corp lifted its position in Herc by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company’s stock worth $26,439,000 after buying an additional 12,277 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Herc by 30.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,615 shares of the transportation company’s stock worth $21,940,000 after buying an additional 31,774 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael A. Kelly sold 3,880 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now owns 13,774 shares in the company, valued at $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total value of $1,065,600.00. Following the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HRI. Barclays upped their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $212.25.

Herc Stock Down 0.5 %

Shares of NYSE HRI opened at $228.89 on Wednesday. Herc Holdings Inc. has a 52 week low of $119.74 and a 52 week high of $246.88. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $198.48 and its 200 day moving average is $160.39. The stock has a market capitalization of $6.50 billion, a P/E ratio of 18.72, a PEG ratio of 1.32 and a beta of 2.02.

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

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.