Farther Finance Advisors LLC Buys 270 Shares of Herc Holdings Inc. (NYSE:HRI)

Farther Finance Advisors LLC raised its stake in Herc Holdings Inc. (NYSE:HRI) by 369.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 343 shares of the transportation company’s stock after buying an additional 270 shares during the quarter. Farther Finance Advisors LLC’s holdings in Herc were worth $55,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HRI. SG Americas Securities LLC lifted its stake in Herc by 113.7% in the first quarter. SG Americas Securities LLC now owns 1,729 shares of the transportation company’s stock valued at $291,000 after buying an additional 920 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Herc in the first quarter worth $31,000. ProShare Advisors LLC lifted its position in shares of Herc by 8.5% in the first quarter. ProShare Advisors LLC now owns 5,082 shares of the transportation company’s stock worth $855,000 after purchasing an additional 398 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Herc by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after purchasing an additional 38,798 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Herc in the first quarter worth $416,000. Institutional investors own 93.11% of the company’s stock.

Herc Price Performance

Shares of HRI opened at $222.21 on Thursday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.29 and a beta of 2.02. Herc Holdings Inc. has a 1-year low of $119.08 and a 1-year high of $246.88. The company’s fifty day simple moving average is $174.44 and its 200 day simple moving average is $152.82. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.

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

Insider Buying and Selling at Herc

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,880 shares of company stock worth $3,342,960 over the last ninety days. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HRI. Barclays boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird reissued a “neutral” rating and issued a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four 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 company presently has an average rating of “Hold” and a consensus price target of $212.25.

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.