7,907 Shares in Herc Holdings Inc. $HRI Bought by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in shares of Herc Holdings Inc. (NYSE:HRI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,907 shares of the transportation company’s stock, valued at approximately $1,042,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Herc during the 2nd quarter valued at approximately $36,000. Byrne Asset Management LLC purchased a new position in Herc during the second quarter valued at approximately $45,000. FNY Investment Advisers LLC purchased a new position in Herc during the second quarter valued at approximately $47,000. AlphaQuest LLC boosted its position in shares of Herc by 158.2% in the second quarter. AlphaQuest LLC now owns 364 shares of the transportation company’s stock worth $48,000 after purchasing an additional 223 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Herc by 114.7% in the second quarter. PNC Financial Services Group Inc. now owns 584 shares of the transportation company’s stock worth $77,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Herc Stock Down 3.6%

HRI opened at $132.39 on Monday. The company has a market capitalization of $4.40 billion, a PE ratio of -52.54, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87. The firm has a 50-day simple moving average of $129.32 and a two-hundred day simple moving average of $128.51. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 4.28. Herc Holdings Inc. has a 52 week low of $96.18 and a 52 week high of $236.39.

Herc (NYSE:HRI) last issued its earnings results on Thursday, November 2nd. The transportation company reported $3.42 earnings per share (EPS) for the quarter. Herc had a positive return on equity of 16.32% and a negative net margin of 1.68%.The firm had revenue of $745.00 million for the quarter. Analysts forecast that Herc Holdings Inc. will post 12.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HRI has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Herc from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Baird R W upgraded Herc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Zacks Research upgraded Herc from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Robert W. Baird set a $200.00 price objective on Herc in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company initiated coverage on Herc in a research report on Thursday, November 13th. They set an “overweight” rating and a $170.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Herc 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.