Herc Holdings Inc. (NYSE:HRI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in Herc Holdings Inc. (NYSE:HRI) by 0.7% during the 3rd quarter, Holdings Channel reports. The fund owned 37,841 shares of the transportation company’s stock after selling 272 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Herc were worth $6,033,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HRI. Vanguard Group Inc. raised its holdings in shares of Herc by 1.3% in the 1st 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 in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Herc by 232.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock worth $2,461,000 after buying an additional 10,217 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Herc by 9.2% during the 1st quarter. Advisors Asset Management Inc. now owns 20,080 shares of the transportation company’s stock worth $3,379,000 after acquiring an additional 1,700 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of 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 acquiring an additional 110,922 shares during the last quarter. Finally, First Sabrepoint Capital Management LP acquired a new stake in shares of Herc during the 1st quarter worth about $8,667,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Insider Transactions at Herc

In other Herc news, COO Aaron Birnbaum sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $146.71, for a total transaction of $1,467,100.00. Following the completion of the transaction, the chief operating officer now owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This trade represents a 20.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total value of $1,065,600.00. Following the completion of the sale, the senior vice president now owns 21,586 shares in the company, valued at $4,600,408.32. This represents a 18.81 % 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 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Herc Price Performance

Shares of NYSE:HRI opened at $217.31 on Friday. Herc Holdings Inc. has a one year low of $119.08 and a one year high of $246.88. The company has a 50-day simple moving average of $184.41 and a 200-day simple moving average of $155.72. 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 stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.24 and a beta of 2.02.

Herc (NYSE:HRI) last issued its earnings results 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 net margin of 10.09% and a return on equity of 26.35%. The firm had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $931.33 million. During the same period in the previous year, the firm earned $4.00 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current year.

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.