Herc Holdings Inc. (NYSE:HRI) Shares Bought by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC grew its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 24.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,100 shares of the transportation company’s stock after purchasing an additional 600 shares during the quarter. Cannon Global Investment Management LLC’s holdings in Herc were worth $494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HRI. Capstone Investment Advisors LLC acquired a new stake in Herc during the 1st quarter worth $960,000. Central Pacific Bank Trust Division purchased a new position in shares of Herc during the 1st quarter worth $2,331,000. SG Americas Securities LLC raised its holdings in shares of Herc by 113.7% during the 1st quarter. SG Americas Securities LLC now owns 1,729 shares of the transportation company’s stock worth $291,000 after acquiring an additional 920 shares during the period. Headlands Technologies LLC purchased a new position in shares of Herc during the 1st quarter worth $31,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Herc during the 1st quarter worth $242,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Trading Up 0.5 %

HRI traded up $1.03 on Friday, hitting $210.17. The company had a trading volume of 370,951 shares, compared to its average volume of 421,565. 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 cap of $5.97 billion, a P/E ratio of 17.18, a PEG ratio of 1.20 and a beta of 2.02. The company’s fifty day moving average price is $162.94 and its 200 day moving average price is $149.20. Herc Holdings Inc. has a 1 year low of $108.50 and a 1 year high of $214.62.

Herc (NYSE:HRI) last issued 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 business had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $4.00 earnings per share. As a group, equities analysts expect that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Herc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.665 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 1.27%. Herc’s dividend payout ratio (DPR) is presently 21.75%.

Insiders Place Their Bets

In related news, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold 18,880 shares of company stock worth $3,342,960 over the last three months. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

HRI has been the topic of several analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $155.00 price target on shares of Herc in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of Herc from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Barclays boosted their price objective on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $212.25.

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.