John G Ullman & Associates Inc. Sells 450 Shares of Herc Holdings Inc. (NYSE:HRI)

John G Ullman & Associates Inc. trimmed its position in Herc Holdings Inc. (NYSE:HRI) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,871 shares of the transportation company’s stock after selling 450 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Herc were worth $5,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Herc by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,936,945 shares of the transportation company’s stock worth $494,288,000 after purchasing an additional 38,798 shares during the period. Tidal Investments LLC bought a new stake in Herc during the first quarter valued at approximately $990,000. SG Americas Securities LLC grew its position in Herc by 226.4% in the second quarter. SG Americas Securities LLC now owns 5,643 shares of the transportation company’s stock worth $752,000 after acquiring an additional 3,914 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Herc by 232.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,618 shares of the transportation company’s stock valued at $2,461,000 after purchasing an additional 10,217 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in Herc by 15,137.8% during the second quarter. Quest Partners LLC now owns 6,857 shares of the transportation company’s stock worth $914,000 after purchasing an additional 6,812 shares during the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Herc

In other news, SVP Samuel Wade Sheek sold 5,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was 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 directly owns 21,586 shares of the company’s stock, valued at approximately $4,600,408.32. This represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Aaron Birnbaum sold 10,000 shares of Herc stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $146.71, for a total value of $1,467,100.00. Following the completion of the transaction, the chief operating officer now directly owns 38,232 shares of the company’s stock, valued at approximately $5,609,016.72. This represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,880 shares of company stock valued at $3,342,960 in the last three months. Company insiders own 1.80% of the company’s stock.

Herc Stock Down 0.9 %

NYSE HRI opened at $213.54 on Thursday. Herc Holdings Inc. has a 1 year low of $119.08 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. The business’s 50-day moving average is $182.82 and its 200 day moving average is $155.32. The stock has a market capitalization of $6.07 billion, a PE ratio of 17.46, a PEG ratio of 1.24 and a beta of 2.02.

Herc (NYSE:HRI) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $4.35 EPS 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 company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $931.33 million. During the same quarter last year, the company posted $4.00 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts forecast that Herc Holdings Inc. will post 13.59 earnings per share for the current year.

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.