Herc Holdings Inc. (NYSE:HRI) Stock Holdings Increased by Barclays PLC

Barclays PLC raised its holdings in shares of Herc Holdings Inc. (NYSE:HRI) by 49.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,058 shares of the transportation company’s stock after buying an additional 17,236 shares during the period. Barclays PLC owned about 0.18% of Herc worth $8,299,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HRI. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Herc during the 3rd quarter worth $35,996,000. American Century Companies Inc. lifted its holdings in shares of Herc by 18.4% during the second quarter. American Century Companies Inc. now owns 561,995 shares of the transportation company’s stock valued at $74,908,000 after purchasing an additional 87,330 shares during the last quarter. FMR LLC boosted its position in shares of Herc by 8.3% in the 3rd quarter. FMR LLC now owns 736,809 shares of the transportation company’s stock valued at $117,470,000 after purchasing an additional 56,191 shares during the period. Ceredex Value Advisors LLC increased its stake in Herc by 145.7% in the 3rd quarter. Ceredex Value Advisors LLC now owns 91,725 shares of the transportation company’s stock worth $14,624,000 after purchasing an additional 54,400 shares in the last quarter. Finally, Candriam S.C.A. acquired a new stake in Herc during the 2nd quarter worth about $4,556,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on HRI shares. The Goldman Sachs Group lifted their target price on shares of Herc from $204.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays boosted their target price on shares of Herc from $175.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on Herc from $200.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Herc currently has an average rating of “Hold” and an average target price of $219.75.

Herc Trading Down 2.1 %

Shares of NYSE:HRI opened at $194.88 on Wednesday. The firm has a fifty day moving average of $209.73 and a two-hundred day moving average of $165.16. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.89. Herc Holdings Inc. has a 12-month low of $124.70 and a 12-month high of $246.88. The firm has a market capitalization of $5.54 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.21 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 for the quarter, missing the consensus estimate of $4.48 by ($0.13). The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $931.33 million. Herc had a return on equity of 26.35% and a net margin of 10.09%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.00 earnings per share. On average, equities analysts expect that Herc Holdings Inc. will post 13.59 EPS for the current fiscal year.

Herc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be given a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, December 16th. Herc’s dividend payout ratio is 21.75%.

Insider Transactions at Herc

In related news, 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 value of $810,260.40. Following the transaction, the director now directly owns 13,774 shares of the company’s stock, valued at approximately $2,876,424.42. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Samuel Wade Sheek sold 5,000 shares of the company’s stock in a transaction that occurred 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 $4,600,408.32. The trade was a 18.81 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

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.