The Manufacturers Life Insurance Company Has $2.62 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

The Manufacturers Life Insurance Company decreased its stake in Herc Holdings Inc. (NYSE:HRI) by 1.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,422 shares of the transportation company’s stock after selling 197 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Herc worth $2,618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Herc by 27.7% during the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd grew its holdings in shares of Herc by 70.4% during the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares in the last quarter. Farther Finance Advisors LLC raised its position in Herc by 369.9% during the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after buying an additional 270 shares during the period. GAMMA Investing LLC lifted its stake in Herc by 704.2% in the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after acquiring an additional 338 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Herc during the 3rd quarter worth about $80,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Trading Up 0.7 %

NYSE:HRI opened at $230.14 on Monday. The company has a market capitalization of $6.54 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.32 and a beta of 2.02. The stock’s 50 day moving average price is $202.77 and its 200 day moving average price is $161.98. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. Herc Holdings Inc. has a 52 week low of $119.98 and a 52 week high of $246.88.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.48 by ($0.13). The business had revenue of $965.00 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $4.00 earnings per share. On average, research analysts forecast that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.66 annualized dividend and a yield of 1.16%. Herc’s dividend payout ratio (DPR) is currently 21.75%.

Insiders Place Their Bets

In other Herc news, Director Michael A. Kelly sold 3,880 shares of the 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 transaction, the director now owns 13,774 shares in the company, valued at $2,876,424.42. This trade represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.