Ameritas Investment Partners Inc. Has $479,000 Stock Position in Herc Holdings Inc. (NYSE:HRI)

Ameritas Investment Partners Inc. cut its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,846 shares of the transportation company’s stock after selling 82 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Herc were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HRI. Headlands Technologies LLC acquired a new stake in Herc during the 1st quarter worth about $31,000. Signaturefd LLC boosted its position in Herc by 213.3% during the 4th quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after acquiring an additional 160 shares during the period. Hexagon Capital Partners LLC boosted its position in Herc by 576.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock worth $46,000 after acquiring an additional 265 shares during the period. CWM LLC boosted its position in Herc by 45.3% during the 4th quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after acquiring an additional 112 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Herc during the 4th quarter worth about $108,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lawrence Harris Silber sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $158.81, for a total value of $3,176,200.00. Following the completion of the sale, the chief executive officer now directly owns 213,382 shares in the company, valued at approximately $33,887,195.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Lawrence Harris Silber sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $158.81, for a total transaction of $3,176,200.00. Following the completion of the transaction, the chief executive officer now directly owns 213,382 shares in the company, valued at $33,887,195.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Aaron Birnbaum sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $152.33, for a total value of $890,216.52. Following the transaction, the chief operating officer now owns 48,232 shares of the company’s stock, valued at $7,347,180.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,451 shares of company stock worth $5,092,946. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HRI shares. JPMorgan Chase & Co. initiated coverage on Herc in a research report on Friday, June 7th. They set a “neutral” rating and a $155.00 price objective for the company. Robert W. Baird reissued a “neutral” rating and issued a $155.00 price target on shares of Herc in a research note on Tuesday. The Goldman Sachs Group boosted their price target on Herc from $155.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, StockNews.com cut Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Herc presently has an average rating of “Hold” and an average target price of $159.50.

Herc Stock Down 2.6 %

Shares of NYSE HRI traded down $4.04 during trading hours on Wednesday, hitting $149.26. The stock had a trading volume of 225,405 shares, compared to its average volume of 222,822. The company has a market capitalization of $4.24 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.73 and a beta of 2.08. The firm’s 50-day moving average price is $138.87 and its two-hundred day moving average price is $148.59. Herc Holdings Inc. has a 52 week low of $100.17 and a 52 week high of $171.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.51 and a current ratio of 1.51.

Herc (NYSE:HRI) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.34). Herc had a return on equity of 28.68% and a net margin of 10.31%. The company had revenue of $848.00 million during the quarter, compared to analyst estimates of $813.05 million. Analysts anticipate that Herc Holdings Inc. will post 14.1 EPS for the current fiscal year.

Herc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.665 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $2.66 annualized dividend and a yield of 1.78%. Herc’s dividend payout ratio (DPR) is currently 21.97%.

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.