Jane Street Group LLC Lowers Position in Herc Holdings Inc. (NYSE:HRI)

Jane Street Group LLC trimmed its position in Herc Holdings Inc. (NYSE:HRI) by 71.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,023 shares of the transportation company’s stock after selling 35,164 shares during the quarter. Jane Street Group LLC’s holdings in Herc were worth $2,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HRI. Vaughan Nelson Investment Management L.P. acquired a new position in Herc during the 3rd quarter worth approximately $35,996,000. American Century Companies Inc. raised its holdings in Herc by 18.4% in 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 in the last quarter. FMR LLC lifted its position in shares of Herc by 8.3% during the third quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock worth $117,470,000 after purchasing an additional 56,191 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in Herc by 145.7% during the 3rd quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock worth $14,624,000 after buying an additional 54,400 shares during the last quarter. Finally, Candriam S.C.A. acquired a new position in Herc in the second quarter worth $4,556,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Herc Stock Performance

Shares of HRI opened at $189.26 on Tuesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.21 and a beta of 2.02. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88. The company has a 50-day moving average of $211.40 and a two-hundred day moving average of $166.59.

Herc (NYSE:HRI) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 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 company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.00 earnings per share. On average, equities research analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Herc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be paid a $0.665 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.41%. Herc’s dividend payout ratio (DPR) is currently 21.75%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HRI. Barclays upped their target price on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of 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 raised their target price on Herc from $204.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $219.75.

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.