Herc (NYSE:HRI) Shares Sold Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Herc Holdings Inc. (NYSE:HRI). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Herc stock on March 5th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Herc Price Performance

Herc stock traded down $1.42 during mid-day trading on Wednesday, hitting $116.18. 586,757 shares of the company were exchanged, compared to its average volume of 515,520. The company has a market capitalization of $3.31 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The business has a fifty day moving average of $145.11 and a 200 day moving average of $181.17. Herc Holdings Inc. has a 1-year low of $109.39 and a 1-year high of $246.88. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.99.

Herc (NYSE:HRI) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $3.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.40). The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $919.84 million. Herc had a net margin of 5.91% and a return on equity of 26.48%. As a group, sell-side analysts expect that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.70 dividend. This is a positive change from Herc’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.41%. Herc’s payout ratio is currently 37.79%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HRI. JPMorgan Chase & Co. decreased their price target on Herc from $225.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday. Citigroup lowered their target price on Herc from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their price target on shares of Herc from $234.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Herc currently has an average rating of “Moderate Buy” and a consensus target price of $177.20.

Hedge Funds Weigh In On Herc

Several large investors have recently made changes to their positions in the company. Argent Capital Management LLC raised its holdings in Herc by 38.2% during the 4th quarter. Argent Capital Management LLC now owns 6,907 shares of the transportation company’s stock worth $1,308,000 after purchasing an additional 1,910 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Herc during the 4th quarter valued at $5,377,000. State Street Corp lifted its stake in shares of Herc by 0.5% in the 3rd quarter. State Street Corp now owns 665,904 shares of the transportation company’s stock valued at $106,165,000 after purchasing an additional 3,006 shares during the period. Hennessy Advisors Inc. bought a new stake in Herc in the fourth quarter valued at about $62,982,000. Finally, Orion Portfolio Solutions LLC lifted its stake in Herc by 12.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,784 shares of the transportation company’s stock valued at $527,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.