Swiss National Bank Sells 400 Shares of Herc Holdings Inc. (NYSE:HRI)

Swiss National Bank lowered its stake in Herc Holdings Inc. (NYSE:HRI) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 52,646 shares of the transportation company’s stock after selling 400 shares during the period. Swiss National Bank owned approximately 0.19% of Herc worth $8,393,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of HRI. American Century Companies Inc. grew its position in shares of Herc by 18.4% in the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock valued at $74,908,000 after purchasing an additional 87,330 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Herc in the 3rd quarter valued at $35,996,000. Bank of New York Mellon Corp increased its position in 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 buying an additional 12,277 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Herc by 26.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 105,841 shares of the transportation company’s stock worth $14,107,000 after buying an additional 21,971 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of Herc by 145.7% in the third quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock valued at $14,624,000 after acquiring an additional 54,400 shares during the period. 93.11% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 13,774 shares in the company, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Herc Trading Up 2.7 %

Shares of Herc stock opened at $228.96 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a 12-month low of $119.08 and a 12-month high of $246.88. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.28 and a beta of 2.02. The firm’s 50-day moving average price is $189.48 and its two-hundred day moving average price is $157.29.

Herc (NYSE:HRI) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $4.35 earnings per share (EPS) 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 analyst estimates of $931.33 million. During the same quarter in the prior year, the business posted $4.00 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on HRI. Barclays raised their price target on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.