Quest Partners LLC Cuts Stock Position in Herc Holdings Inc. (NYSE:HRI)

Quest Partners LLC trimmed its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 81.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,267 shares of the transportation company’s stock after selling 5,590 shares during the period. Quest Partners LLC’s holdings in Herc were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its stake in shares of Herc by 232.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock worth $2,461,000 after purchasing an additional 10,217 shares in the last quarter. Janus Henderson Group PLC lifted its position in Herc by 175.4% during the 1st quarter. Janus Henderson Group PLC now owns 35,038 shares of the transportation company’s stock worth $5,897,000 after acquiring an additional 22,316 shares in the last quarter. Tidal Investments LLC purchased a new position in Herc in the 1st quarter worth approximately $990,000. Virtu Financial LLC acquired a new stake in Herc in the first quarter valued at approximately $1,185,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Herc by 650.0% during the first quarter. EverSource Wealth Advisors LLC now owns 240 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 208 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

Shares of HRI stock opened at $229.84 on Thursday. The company has a market capitalization of $6.53 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.31 and a beta of 2.02. The firm has a fifty day simple moving average of $192.61 and a 200-day simple moving average of $158.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a twelve month low of $119.08 and a twelve month high of $246.88.

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

Insider Buying and Selling at Herc

In other news, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The shares were 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 directly owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. The trade was a 21.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This represents a 18.81 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their target price 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Herc presently has an average rating of “Hold” and an average 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.