30,664 Shares in Herc Holdings Inc. (NYSE:HRI) Acquired by Foundry Partners LLC

Foundry Partners LLC acquired a new position in shares of Herc Holdings Inc. (NYSE:HRI) in the 3rd quarter, Holdings Channel reports. The fund acquired 30,664 shares of the transportation company’s stock, valued at approximately $4,889,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Herc by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock valued at $494,288,000 after purchasing an additional 38,798 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Herc by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock worth $74,908,000 after acquiring an additional 87,330 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Herc in the 3rd quarter valued at approximately $35,996,000. Bank of New York Mellon Corp grew its holdings in shares of Herc by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 198,358 shares of the transportation company’s stock worth $26,439,000 after purchasing an additional 12,277 shares during the period. Finally, Capital Research Global Investors increased its holdings in Herc by 185.7% in the 1st quarter. Capital Research Global Investors now owns 170,649 shares of the transportation company’s stock valued at $28,720,000 after purchasing an additional 110,922 shares during the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HRI has been the subject of a number of recent analyst reports. 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. JPMorgan Chase & Co. raised 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. Finally, Barclays upped their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $212.25.

Herc Stock Up 1.8 %

HRI stock opened at $217.31 on Friday. The firm’s 50-day moving average is $184.41 and its two-hundred day moving average is $155.72. 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 company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. Herc Holdings Inc. has a 52 week low of $119.08 and a 52 week high of $246.88.

Herc (NYSE:HRI) last issued its quarterly 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). The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. Herc had a net margin of 10.09% and a return on equity of 26.35%. Herc’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.00 earnings per share. On average, analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Insider Transactions at Herc

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction 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 18.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total value of $810,260.40. Following the sale, the director now directly owns 13,774 shares of the company’s stock, valued at $2,876,424.42. This trade represents a 21.98 % 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 valued at $3,342,960 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

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.