Chartwell Investment Partners LLC Buys 65 Shares of Herc Holdings Inc. (NYSE:HRI)

Chartwell Investment Partners LLC increased its holdings in Herc Holdings Inc. (NYSE:HRI) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,995 shares of the transportation company’s stock after buying an additional 65 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Herc were worth $1,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HRI. State of New Jersey Common Pension Fund D grew its stake in shares of Herc by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 13,550 shares of the transportation company’s stock valued at $2,160,000 after acquiring an additional 155 shares during the period. Covestor Ltd raised its position in shares of Herc by 70.4% during the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after buying an additional 133 shares in the last quarter. Summit Global Investments raised its position in Herc by 11.6% during the third quarter. Summit Global Investments now owns 9,359 shares of the transportation company’s stock valued at $1,492,000 after purchasing an additional 970 shares during the period. Arthur M. Cohen & Associates LLC bought a new stake in Herc in the third quarter worth $224,000. Finally, Harvey Capital Management Inc. boosted its stake in shares of Herc by 23.7% during the 3rd quarter. Harvey Capital Management Inc. now owns 23,655 shares of the transportation company’s stock worth $3,771,000 after purchasing an additional 4,538 shares during the period. Institutional investors own 93.11% of the company’s stock.

Herc Stock Down 1.3 %

Shares of NYSE:HRI opened at $224.64 on Wednesday. Herc Holdings Inc. has a 1-year low of $117.76 and a 1-year high of $246.88. The firm has a fifty day moving average price of $172.70 and a 200 day moving average price of $152.31. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $6.38 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.34 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 (EPS) for the quarter, missing analysts’ consensus estimates of $4.48 by ($0.13). The business had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $4.00 earnings per share. Sell-side analysts predict that Herc Holdings Inc. will post 13.59 EPS for the current year.

Insider Buying and Selling

In other news, COO Aaron Birnbaum sold 10,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were 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 $5,609,016.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Herc news, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction on Monday, August 26th. The shares were sold at an average price of $146.71, for a total value of $1,467,100.00. Following the transaction, the chief operating officer now owns 38,232 shares in the company, valued at $5,609,016.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,880 shares of company stock worth $3,342,960. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays upped their price objective on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price objective on shares of Herc in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.