Motley Fool Asset Management LLC Has $7.45 Million Stock Holdings in Herc Holdings Inc. (NYSE:HRI)

Motley Fool Asset Management LLC lifted its stake in shares of Herc Holdings Inc. (NYSE:HRI) by 220.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,614 shares of the transportation company’s stock after purchasing an additional 32,062 shares during the period. Motley Fool Asset Management LLC owned 0.16% of Herc worth $7,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its stake 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 worth $752,000 after purchasing an additional 3,914 shares during the last quarter. Quest Partners LLC grew its holdings in Herc by 15,137.8% during the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock worth $914,000 after purchasing an additional 6,812 shares during the period. Lombard Odier Asset Management USA Corp grew its holdings in Herc by 265.6% during the second quarter. Lombard Odier Asset Management USA Corp now owns 9,534 shares of the transportation company’s stock worth $1,271,000 after purchasing an additional 6,926 shares during the period. Quantbot Technologies LP lifted its position in shares of Herc by 1,230.2% in the second quarter. Quantbot Technologies LP now owns 21,522 shares of the transportation company’s stock valued at $2,869,000 after buying an additional 19,904 shares during the last quarter. Finally, Candriam S.C.A. bought a new position in shares of Herc during the 2nd quarter worth approximately $4,556,000. 93.11% of the stock is owned by institutional investors.

Insider Transactions at Herc

In related news, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $213.12, for a total value of $1,065,600.00. Following the transaction, the senior vice president now owns 21,586 shares in the company, valued at approximately $4,600,408.32. This trade represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Kelly sold 3,880 shares of the firm’s 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 transaction, the director now owns 13,774 shares in the company, valued at $2,876,424.42. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Herc Stock Down 0.5 %

HRI stock opened at $228.89 on Wednesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.32 and a beta of 2.02. The business’s fifty day moving average price is $198.48 and its two-hundred day moving average price is $160.39. Herc Holdings Inc. has a fifty-two week low of $119.74 and a fifty-two week high of $246.88.

Herc (NYSE:HRI) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.13). Herc had a return on equity of 26.35% and a net margin of 10.09%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $931.33 million. During the same quarter in the previous year, the business earned $4.00 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays increased their price target on Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price target on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $212.25.

About Herc

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.