Motley Fool Wealth Management LLC Raises Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Motley Fool Wealth Management LLC grew its position in shares of Herc Holdings Inc. (NYSE:HRI) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,863 shares of the transportation company’s stock after purchasing an additional 17,315 shares during the period. Motley Fool Wealth Management LLC owned about 0.29% of Herc worth $13,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Herc by 650.0% in the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock worth $40,000 after buying an additional 208 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Herc by 226.4% during the 2nd quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock valued at $752,000 after purchasing an additional 3,914 shares during the last quarter. Welch Group LLC raised its position in Herc by 87.1% in the 2nd quarter. Welch Group LLC now owns 6,082 shares of the transportation company’s stock worth $811,000 after purchasing an additional 2,832 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Herc by 4.1% in the second quarter. Assenagon Asset Management S.A. now owns 43,049 shares of the transportation company’s stock worth $5,738,000 after buying an additional 1,709 shares during the period. Finally, SummerHaven Investment Management LLC boosted its holdings in Herc by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,147 shares of the transportation company’s stock valued at $686,000 after acquiring an additional 108 shares during the period. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on HRI shares. The Goldman Sachs Group increased their price objective on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays raised their price target on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Herc has a consensus rating of “Hold” and an average target price of $212.25.

Insider Activity

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of Herc 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the completion of the sale, the director now directly owns 13,774 shares in the company, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Herc Stock Down 0.5 %

Shares of NYSE HRI opened at $228.89 on Wednesday. The firm has a fifty day simple moving average of $198.48 and a two-hundred day simple moving average of $160.39. Herc Holdings Inc. has a 12 month low of $119.74 and a 12 month high of $246.88. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $6.50 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.32 and a beta of 2.02.

Herc (NYSE:HRI) last released its quarterly 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 company 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%. Herc’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.00 earnings per share. Equities analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current 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.