Herc Holdings Inc. (NYSE:HRI) Shares Sold by TT International Asset Management LTD

TT International Asset Management LTD trimmed its holdings in Herc Holdings Inc. (NYSE:HRI) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,798 shares of the transportation company’s stock after selling 6,548 shares during the period. TT International Asset Management LTD’s holdings in Herc were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after acquiring an additional 56,191 shares during the last quarter. State Street Corp lifted its holdings in shares of Herc by 0.5% during the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock worth $106,165,000 after acquiring an additional 3,006 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Herc by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 637,070 shares of the transportation company’s stock worth $101,589,000 after acquiring an additional 6,874 shares during the period. American Century Companies Inc. lifted 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. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Herc by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,229 shares of the transportation company’s stock worth $63,011,000 after acquiring an additional 23,411 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Herc from $204.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $219.75.

Insider Buying and Selling 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 completion of the transaction, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $208.83, for a total transaction of $810,260.40. Following the transaction, the director now directly owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Herc Trading Down 1.9 %

NYSE HRI opened at $178.43 on Monday. Herc Holdings Inc. has a one year low of $124.70 and a one year high of $246.88. The company’s 50 day moving average price is $209.01 and its 200 day moving average price is $171.97. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.19 and a beta of 2.06.

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

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, December 16th. Herc’s dividend payout ratio (DPR) is 21.75%.

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.