Hantz Financial Services Inc. Has $475,000 Position in Herc Holdings Inc. (NYSE:HRI)

Hantz Financial Services Inc. lessened its stake in Herc Holdings Inc. (NYSE:HRI) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,978 shares of the transportation company’s stock after selling 270 shares during the quarter. Hantz Financial Services Inc.’s holdings in Herc were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HRI. EverSource Wealth Advisors LLC raised its holdings 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 worth $40,000 after acquiring an additional 208 shares in the last quarter. Signaturefd LLC increased its position in Herc by 27.7% in the 3rd quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd increased its position in Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after purchasing an additional 133 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Herc by 369.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after purchasing an additional 270 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Herc by 704.2% during the 3rd quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock valued at $62,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Up 1.0 %

Shares of Herc stock opened at $232.00 on Monday. Herc Holdings Inc. has a 12-month low of $119.74 and a 12-month high of $246.88. 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 has a 50 day moving average price of $195.60 and a two-hundred day moving average price of $159.35. The stock has a market capitalization of $6.59 billion, a P/E ratio of 18.97, a PEG ratio of 1.33 and a beta of 2.02.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays upped their price objective on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $212.25.

Insider Transactions at Herc

In other Herc news, 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 value of $1,065,600.00. Following the transaction, the senior vice president now directly owns 21,586 shares in the company, valued at $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Kelly sold 3,880 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the sale, 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 disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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.