5,432 Shares in Herc Holdings Inc. (NYSE:HRI) Bought by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC purchased a new position in Herc Holdings Inc. (NYSE:HRI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 5,432 shares of the transportation company’s stock, valued at approximately $866,000.

A number of other large investors have also bought and sold shares of HRI. Signaturefd LLC grew its holdings in Herc by 27.7% in the third quarter. Signaturefd LLC now owns 281 shares of the transportation company’s stock worth $45,000 after purchasing an additional 61 shares during the period. Covestor Ltd grew its holdings in Herc by 70.4% in the third quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock worth $51,000 after purchasing an additional 133 shares during the period. Farther Finance Advisors LLC grew its holdings in Herc by 369.9% in the third quarter. Farther Finance Advisors LLC now owns 343 shares of the transportation company’s stock worth $55,000 after purchasing an additional 270 shares during the period. GAMMA Investing LLC grew its holdings in Herc by 704.2% in the third quarter. GAMMA Investing LLC now owns 386 shares of the transportation company’s stock worth $62,000 after purchasing an additional 338 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in Herc in the third quarter worth $80,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Herc from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective 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 lifted 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. Three equities 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, Herc has a consensus rating of “Hold” and an average price target of $212.25.

Herc Stock Up 0.7 %

Shares of NYSE HRI opened at $230.14 on Friday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.32 and a beta of 2.02. The company has a 50-day moving average price of $202.77 and a 200-day moving average price of $161.86. Herc Holdings Inc. has a 1 year low of $119.98 and a 1 year high of $246.88. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.22 and a quick ratio of 1.22.

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

Herc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.16%. Herc’s dividend payout ratio (DPR) is presently 21.75%.

Insider Buying and Selling

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of Herc 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 sale, the senior vice president now owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Kelly sold 3,880 shares of Herc stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $208.83, for a total transaction of $810,260.40. Following the completion of the sale, the director now directly owns 13,774 shares in the company, valued at approximately $2,876,424.42. This represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

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.