Herc Holdings Inc. (NYSE:HRI) COO Sells $1,467,100.00 in Stock

Herc Holdings Inc. (NYSE:HRI) COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the sale, the chief operating officer now owns 38,232 shares in the company, valued at approximately $5,609,016.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Herc Stock Performance

NYSE HRI opened at $143.96 on Friday. The stock has a market cap of $4.09 billion, a PE ratio of 11.89, a P/E/G ratio of 0.88 and a beta of 2.08. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.23 and a current ratio of 1.23. Herc Holdings Inc. has a 52-week low of $100.17 and a 52-week high of $171.00. The firm has a 50-day moving average of $138.67 and a 200-day moving average of $147.50.

Herc (NYSE:HRI) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.34). The firm had revenue of $848.00 million for the quarter, compared to the consensus estimate of $813.05 million. Herc had a return on equity of 26.99% and a net margin of 10.00%. On average, sell-side analysts anticipate that Herc Holdings Inc. will post 13.68 EPS for the current year.

Herc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be given a $0.665 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.85%. Herc’s payout ratio is presently 21.97%.

Analyst Ratings Changes

HRI has been the topic of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price target on shares of Herc in a research report on Tuesday, July 23rd. StockNews.com downgraded shares of Herc from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. initiated coverage on Herc in a report on Friday, June 7th. They set a “neutral” rating and a $155.00 price target for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.50.

Hedge Funds Weigh In On Herc

A number of hedge funds have recently bought and sold shares of HRI. Headlands Technologies LLC acquired a new position in shares of Herc during the 1st quarter worth approximately $31,000. Signaturefd LLC grew its position in Herc by 213.3% during the fourth quarter. Signaturefd LLC now owns 235 shares of the transportation company’s stock worth $35,000 after buying an additional 160 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Herc by 650.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 208 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Herc by 576.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 311 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 265 shares during the period. Finally, CWM LLC increased its position in shares of Herc by 45.3% in the fourth quarter. CWM LLC now owns 359 shares of the transportation company’s stock worth $53,000 after purchasing an additional 112 shares during the period. 93.11% of the stock is owned by institutional investors.

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.