MQS Management LLC Has $310,000 Holdings in Herc Holdings Inc. (NYSE:HRI)

MQS Management LLC increased its position in Herc Holdings Inc. (NYSE:HRI) by 3.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,945 shares of the transportation company’s stock after purchasing an additional 71 shares during the period. MQS Management LLC’s holdings in Herc were worth $310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Herc by 5.1% during the third quarter. Victory Capital Management Inc. now owns 5,818 shares of the transportation company’s stock valued at $928,000 after buying an additional 284 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in Herc by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 7,995 shares of the transportation company’s stock valued at $1,275,000 after acquiring an additional 65 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Herc by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 13,550 shares of the transportation company’s stock valued at $2,160,000 after acquiring an additional 155 shares in the last quarter. Covestor Ltd increased its holdings in shares of Herc by 70.4% in the 3rd quarter. Covestor Ltd now owns 322 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 133 shares during the period. Finally, Summit Global Investments lifted its position in shares of Herc by 11.6% in the third quarter. Summit Global Investments now owns 9,359 shares of the transportation company’s stock worth $1,492,000 after purchasing an additional 970 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Herc news, SVP Samuel Wade Sheek sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $213.12, for a total transaction of $1,065,600.00. Following the completion of the transaction, the senior vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 owns 38,232 shares in the company, valued at $5,609,016.72. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,880 shares of company stock valued at $3,342,960 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HRI. Robert W. Baird reaffirmed a “neutral” rating and set a $155.00 price objective on shares of Herc in a research report on Tuesday, July 23rd. Barclays upped their price target on shares of Herc from $175.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on Herc from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Herc from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Herc presently has an average rating of “Hold” and a consensus price target of $212.25.

Herc Stock Down 2.1 %

HRI stock opened at $217.45 on Friday. The firm has a market cap of $6.18 billion, a PE ratio of 17.78, a PEG ratio of 1.29 and a beta of 2.02. Herc Holdings Inc. has a 1 year low of $119.08 and a 1 year high of $246.88. The company has a fifty day simple moving average of $176.13 and a 200 day simple moving average of $153.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.89.

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

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.