Covestor Ltd Increases Stake in Herc Holdings Inc. (NYSE:HRI)

Covestor Ltd boosted its position in Herc Holdings Inc. (NYSE:HRI) by 70.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 322 shares of the transportation company’s stock after acquiring an additional 133 shares during the period. Covestor Ltd’s holdings in Herc were worth $51,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in shares of Herc during the 1st quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Herc by 650.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after buying an additional 208 shares in the last quarter. Signaturefd LLC increased its position in shares of Herc by 27.7% during the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock valued at $45,000 after buying an additional 61 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 270 shares during the period. Finally, GAMMA Investing LLC grew its stake in Herc by 704.2% during the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 338 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Down 2.1 %

NYSE HRI opened at $217.45 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. The stock’s 50-day simple moving average is $176.13 and its two-hundred day simple moving average is $153.31. Herc Holdings Inc. has a twelve month low of $119.08 and a twelve month high of $246.88. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.29 and a beta of 2.02.

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

Analysts Set New Price Targets

HRI has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on shares of Herc from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays raised 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. Finally, Robert W. Baird reissued a “neutral” rating and set a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $212.25.

Insider Buying and Selling at Herc

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the firm’s stock in a transaction that occurred 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 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 hyperlink. Also, COO Aaron Birnbaum sold 10,000 shares of Herc 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 directly owns 38,232 shares in the company, valued at approximately $5,609,016.72. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,880 shares of company stock worth $3,342,960 over the last three months. Company 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.